Payday News December 31-January 6

Highlight January 4, St. Louis American: What will you lose if you lose consumer financial protection? CRL’s Charlene Crowell discusses the threats to the Consumer Financial Protection Bureau and the benefits it has brought to consumers during its existence. More Coverage:  Morning Consult: Time to Stand Up for Federal Agency That Delivers on Its Promises Common Dreams: Consumer Bureau Under Attack Partner Releases …

Payday News December 3-9

Highlight: December 3, Alamogordo Daily News: ACS One-Stop Shop for Families An Army Community Service center in New Mexico is offering a “one stop shop” to low-income families, providing them with toys, food, and other holiday items. One of the purposes of the center is to prevent families from taking out payday loans to afford items around Christmastime.                  Repost: Las Cruces Sun-News …

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 …

Strong Bipartisan Support for 36% Payday Lending Cap by South Dakota Voters Should Encourage Reform Across Nation

See the full post here. On November 8, 75% of South Dakota voters approved reducing the cost of payday loans from 574% to 36% annually.  At the same time, a significant majority of South Dakotans rejected the payday lenders’ proposal to allow permanent unlimited rates. The rate cap ballot measure approved by South Dakota voters will cap the annual interest rates at 36% for payday, …

Payday Reform News: October 29- November 4

Highlight November 1, WABE 90.1: Georgia Supreme Court Rules Company Violated Payday Lending Ban The Georgia Supreme Court has ordered Western Sky Financial to pay $15 million, which is about the amount that the company took from borrowers since the case was first filed. More Coverage: The Atlanta Journal-Constitution: Georgia Supreme Court Blocks South Dakota Payday Lender Atlanta Business Chronicle: …

Payday Reform News: October 15-24

Highlight October 23, The Brownsville Herald: Texas Appleseed Cites Loan Model Launched in Brownsville Texas Appleseed’s recent report includes the business model and loan program that Brownsville, TX uses to provide alternative financial services to payday loans. Top Stories October 24, Martinsville Bulletin: Letter to the Editor: Time for a change A letter to the editor calls on Virginians to …

Payday Reform News: October 8-15

Highlight October 10, Chicago Tribune: There’s High Interest in Cracking Down on Payday Loans This article gives a general overview of the fight against payday lending the in the last 20 years, and the difficulties that must be overcome in order to create a feasible solution to this issue. This article quotes Mike Calhoun. More Coverage: Wall Street Journal Partner …

Payday Reform News: Week of May 31

May 27, 2016 Kansas City Star Hopes soar on effort against payday loans Other Top Stories: May 31, 2016 Columbia Missourian CARL KENNEY: It’s time to stop financial predators from gouging the vulnerable Payday lenders are gangsters protected by our state government. They wreak havoc on families who make the decision to pay high interest rates because they have few …