Today's Close-Up

Pandemic Spawns New Kind of Loan Shark (2020x38)

Air date: Sep 11, 2020

A new breed of loan shark is exploiting the coronavirus pandemic by preying on people who find themselves in financial dire straits. The lenders target victims on social media and use sophisticated techniques to saddle them with massive debts. Shady operators also encourage people to make fraudulent applications for coronavirus subsidies from the government. We ask some experts what people can do to protect themselves from these financial predators.