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 …

More Than 100 House Members Send Letter Urging Strong CFPB Payday Rule

Members Applaud Bureau for First Step in Regulating Small-Dollar Lending Industry Washington, D.C.- Today, 104 House Members, led by Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, sent a letter to the Consumer Financial Protection Bureau (CFPB) urging it to adopt a strong final payday lending rule and close loopholes that harm consumers. Congress gave the …

Payday Reform News: August 13-19

Highlight: August 17, North Dallas Gazette: Faith Leaders Call for End to Abusive Payday Lending Practices This article summarizes the opinions of faith leaders on the CFPB rule regarding payday. The author mainly focuses on the faith leader’s joint criticism of the rules many loopholes. The author focuses on the 6-loan loophole for the majority of the article, as faith …

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 …