Payday News, week of February 26, 2016

February 23, 2016 Atlantic Journal Constitution Watchdog group says David Scott received thousands from payday loan industry And with his attack — lifted a little too literally from text written by a lobbyist for the lenders — Scott was taking the side of an industry that has given him more than $72,000 since his election to the House in 2002. For …

The Pit of Despair in Birmingham

The Pit of Despair was set up at an action in the Birmingham neighborhood of Ensley, which is checkered with payday loan storefronts. City councilwoman Lashunda Scales, Joe Dean of the Baptist Church of the Covenant, and Mary Jones of the Greater Birmingham Ministries joined Alabama Arise and Alabama Appleseed in hoisting their neighbors out of, jumping over, and falling …

Payday News, week of February 12, 2016

February 12, 2016 Bloomberg Top CFPB Official Defends Federal Efforts on Payday Lending A top official at the Consumer Financial Protection Bureau (CFPB) defended the agency’s regulatory steps on payday lending during a congressional hearing that explored preemption and state regulation of short-term, small-dollar products. February 10, 2016 Reuters U.S. payday lending crackdown brings race car driver’s arrest An indictment …

Payday News, week of February 5, 2016

Febraury 4, 2016 Daily Kos These 10 House Democrats Just Voted to Make It Tougher to Investigate & Prosecute Bank Fraud H.R. 766 would curtail federal scrutiny of bank transactions with payment processors, payday lenders, and other companies that are at high risk of engaging in money-laundering, financial fraud, or terrorist financing. February 3, 2016 Waco Tribune Payday lending limits …

Payday News, week of January 29, 2016

January 28, 2016 ChristianToday Iowa: Catholics and evangelicals unite to put payday loans on agenda Evangelicals and Catholics have united in an effort to put payday lending on the agenda ahead of the Iowa caucus, according to the Catholic News Service. For more coverage: CatholicPhilly.com|Iowa caucuses, lawmakers getting payday lending issue on their radar January 29, 2016 Public News Service …