Marketplace Morning Report for Wednesday, May 15, 2013
New figures out today from euro zone countries show the European Union's economy has been getting weaker for six straight quarters -- a year and a half of contraction. France was officially in recession. We take you to the continent to find out what it all means. And, seven years ago, Congress passed the Military Lending Act to prevent financial abuse of soldiers. But is it helping? Creative lenders are still finding ways into this lucrative market, and military families continue to fall into high-interest, quick-cash loans.
New figures out today from euro zone countries show the European Union’s economy has been getting weaker for six straight quarters — a year and a half of contraction. France was officially in recession. We take you to the continent to find out what it all means. And, seven years ago, Congress passed the Military Lending Act to prevent financial abuse of soldiers. But is it helping? Creative lenders are still finding ways into this lucrative market, and military families continue to fall into high-interest, quick-cash loans.