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 Reform News February 17

Highlight Local advocates continue to push back against state level efforts to allow predatory lending, while linking their state legislative work to the need to defend consumers and the CFPB at the national level: February 10, New York Daily News: Cage the sharks circling consumers Andy Morrison of the New Economy Project defends the CFPB and warns against a bill introduced …

Payday Reform News February 13

Highlight February 9, Bezinga: 'Know Before You Owe' Prepaid Card User Protections At Risk From New Senate Bill Article calls out a congressional effort to roll back the CFPB’s new protections on kinds of  prepaid cards that function as payday loans, with hidden fees that make them not really prepaid. More Coverage: Vanity Fair: Republican Effort to Screw Consumers Hits a Speed Bump …

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 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 23-30

Highlights December 27, Los Angeles Times Nine years later, state wins key verdict over tribal payday lenders This article reports that the California Supreme Court ruled for the state saying a case against payday lenders can proceed, and finding that their weak connections to Native American tribes did not give them immunity from state lending laws. More coverage: Metropolitan News-Enterprise …

Payday News December 17-22

Highlight December 21, Real Estate Rama:  Don’t Let Payday Loans Turn Your Holiday Dreams Into A Nightmare This consumer warning piece quotes the president of Woodstock Institute, uses the material about what holiday toys would cost if bought with payday loans and promotes a strong payday rule from the CFPB. More Coverage: Taos News: Be mindful of the Darker Side of Holidays …

Payday News December 10-16

December 15, Palm Beach Post  Holiday shopping: Gifts bought with “payday loans” come with hefty price tag   This piece features StopTheDebtTrap.org’s holiday payday lending release detailing how much popular toys would cost this year if bought with a payday loan. More Coverage:  OzarksFirst: Holiday “Debt Hangover” Can Linger for Months WSJM: Experts Urge Holiday Shoppers To Avoid Going Into Debt San Francisco Gate: Christmas Loans: …

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 …