Payday Loans Reform News – October 30

  Highlights The Little Guys Win One on Payday Loans October 23, New York Times Since the federal Consumer Financial Protection Bureau opened its doors in 2011, the agency’s investigations and enforcement actions have returned more than $12 billion to auto buyers, homeowners, credit-card holders and other borrowers who were victimized by deceptive or predatory practices. Consumers who have been …

Congress Attacks Consumer Bureau With Wrong CHOICE Act, But Consumers Fight Back

Communities across the country have been fighting for years against the impact of payday lending, urging their state officials to stop the debt trap in its tracks. On the federal front, the Consumer Financial Protection Bureau (CFPB) has clamped down on payday lenders who have broken state laws, resulting in relief for thousands of Americans who were stuck in a …

Payday Reform in the News March 17

Highlight They’re Back! Loan Sharks Circling Again March 15, Arkansas Online Strong editorial backing lawmakers in their work to keep CashMax from getting borrowers caught up in “involuntary servitude.”   Top Stories   Huge majority of Ohioans want payday lending reform – now legislature must act: Brent Larkin March 16, Cleveland.com A new poll commissioned by The Pew Charitable Trusts …

Payday News January 13

Highlight January 13, The Register-Guard: Protecting the little guy This editorial out of Oregon outlines the threats against the CFPB, mentions its action against payday lenders and supports its independence. Top Stories January 12, Huffington Post: Trump Moves Closer To Gutting Elizabeth Warren’s Consumer Watchdog Ben Walsh and Ryan Grim report that Trump spokesman Sean Spicer said that Trump is considering appointing …

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 …

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 …