While many struggle to make ends meet during the shutdown, some have turned to small-dollar loans to fill the financial vacuum that comes as a result of the ongoing battle raging more than 1,000 miles away in Washington, NBC News reported.
Because of a lack of regulations surrounding loans and the Trump administration rescinding some Obama-era protections, the annual percentage rate for payday loans in Missouri are more than 400 percent on average, according to a study by the Federal Reserve Bank of St. Louis.