Payday Loan Reform News – June 18

  Highlight   Federal judge rejects CFPB’s effort to halt payday rule June 13, American Banker A federal court dealt a blow to efforts by the Consumer Financial Protection Bureau to slow down the agency’s payday lending rule. U.S. District Judge Lee Yeakel on Tuesday denied the request by acting CFPB Director Mick Mulvaney that the court delay the payday …

Trump’s CFPB Director Nominee is Ploy to Keep Mulvaney at Helm

For Immediate Release June 18, 2018 CFPB Director Nominee is Ploy to Keep Mulvaney at Helm WASHINGTON, D.C. – After nearly seven months of “Acting Director” Mick Mulvaney’s reign that has rolled back commonsense safeguards that held banks, payday lenders, and other bad actors on Wall Street accountable to families and taxpayers, the Trump Administration announced its plans Saturday to nominate Kathy …

Court to CFPB: Payday Lending Rule Compliance Date Stays Intact

For Immediate Release June 12, 2018 Contacts: Center for Responsible Lending: ricardo.quinto@responsiblelending.org (202) 349-1866 Public Citizen: abradbery@citizen.org, (202) 503-6768 National Consumer Law Center: jkruse@nclc.org (617) 542-8010 Americans for Financial Reform: carter@ourfinancialsecurity.org (202) 869-0397 Court to CFPB: Payday Lending Rule Compliance Date Stays Intact WASHINGTON, D.C. – The U.S. District Court for the Western District of Texas today ruled against the …

Payday Loan Reform News – June 11

Highlight   We Need the CFPB’s Rule to Stop Payday Loan Debt Traps June 5, The Morning Consult One of the essential functions of government is to prevent the wealthy from exploiting the poor. This administration should start fulfilling that function and keep their hands off the Payday Rule.   Other News   Five ways Mulvaney is cracking down on …

Payday Loan Reform News – June 5

Highlight   Consumer Advocates Ask Judge: Reject CFPB’s Request for Payday Loan Rule Delay June 5, Credit Union Times Four consumer groups are asking a federal judge to deny a request by the CFPB and a payday lending group to place a strict short-term loan rule on hold.   Other News   Assembly Speaker Robin Vos’s Payday Loan London Junket …