Payday in the News – Nov 20th – Dec 2nd

Highlight: November 26, Casper Star Tribune: Barron: Protecting the Consumer This editorial piece written by a Wyoming resident voices the need for a stronger payday rule, and discusses the CFPB’s efforts to address payday lending on a federal level. Partner Blogs and Releases: Campaign for America’s Future: This Doesn’t Sound Like Our Voice Top Stories: December 2, Aberdeen News: At …

Payday Reform News: October 1-7

Top Stories October 7 Philadelphia Tribune, 1st Presbyterian panel discussion focuses on payday lending By Samaria Bailey Reports on September 29 event co-sponsored by Pennsylvania PIRG and One Less Foundation, a local organization. October 7 The Intercept, Google said it would ban all payday loan ads, it didn’t By David Dyen Reports on the payday industry’s use of “lead generators” …

Cities Demand the CFPB Strengthen the Payday Lending Rule

Cities around the country are passing resolutions telling the CFPB to strengthen its rule to rein in abuses by the payday lending industry. In Pennsylvania and New Jersey, municipalities are calling on their state capitals to stand strong against industry lobbyists, and want a stronger CFPB rule that protects their already strong state caps. Philadelphia, Pennsylvania Essex County, New Jersey …

28 Senators call for CFPB to strengthen payday lending rule

28 Senators, led by Senators Brown Coons, Durbin, and Merkley, signed onto a letter in support of a strong final CFPB small-dollar lending rule. The detailed letter is a powerful call to the CFPB to strengthen its final rule and ensure that we stop the debt trap. Read the full letter. “We believe that the CFPB’s efforts will help to …

Payday News, week of May 20, 2016

May 18, 2016 The Wall Street Journal CFPB to Propose Payday-Loan Rule on June 2 The Consumer Financial Protection Bureau set June 2 as the day it will propose a long-awaited rule to curb payday lending, moving a step closer to implementing the first federal regulation for an industry now overseen by states. More Coverage: The Kansas City Star | …

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 …