hen, youid, quote, i used my own personal funds to secure a payment of $130,000 to miss clifford. a ther the trump party was part of the action or reimbursed me. was the statement false. >> the statement was n false. i purposely left out mr. trump from that statement. to was discuss discussed do. >> did the president call you to coordinate on public messaging about the payment to miss clifford in or around february 2018? >> yes. >> mr. trump cled this a fake hearing and said it was terrible to hold it duringhe north korean summit. he had this to say. >> he didn't lie about one thing, he said no collusion. i said i wonder why he didn't lie about that too. he lied about so many different i was impressed he didn't say, well, i tnkhere was collusion. >> the republicans spent most of the time calling cohen a liar. saying what they are doing is just what he did for ten years, protecting donald trump. >> thank you. >>> cohen's stunning reversal is one of the mostma dc turns against a sitting president since the days ofga wat. looking at the signature tans of his testimony. >> reporter: a

there are protections so you can only have each time, youid can't double the amount you borrowed in termsents. how do you see regulation going forward if payday lenders suffer criticism going forward? richard: i am familiar with the archbishop of canterbury restricting payday loans. we have similar problems here. i think if a bureau roles this back, that would be subject to a legal challenge. back this, that would be subject to legal challenge. people have been very protective of systems and are not favorable with payday lenders. south dakota passed a measure with 70% of the vote in 2016 to restrict payday lending and colorado did last time. our rule was so important. it would set a floor across the country. it would be up to the states to protect their citizens and find ways to do that. joe: the former director of the consumer financial protection bureau, thank you. there is a new deal in washington, and is green gray we .ave the details -- it is green we have the details on alexandria ocasio-cortez's climate change resolution. this is bloomberg. ♪ oomberg. ♪ joe: democratic representati