Calls for overhaul of payday lending industry

There are calls for a complete overhaul of the payday lending industry.

Families say they're drowning in a sea of debt, with about a million households taking out easy loans since 2019.

Consumer advocates want tighter regulations.

Watch the full story above.

If you need help with your finances, you can contact the National Debt Helpline on 1800 007 007.