Payday News, week of March 4, 2016

March 1, 2016
Huffington Post
DNC Chair Joins GOP Attack On Elizabeth Warren’s Agency
Wasserman Schultz is co-sponsoring a new bill that would gut the CFPB’s forthcoming payday loan regulations.
For more coverage:

  • Palm Beach Post | Cerabino: Lawmakers should try fund-raising by payday loan terms
  • The Detroit News | O’Connor: Payday loan act is a payday for somebody
  • Huffington Post | Debbie Wasserman Schultz Shouldn’t Be Welcoming Loan Sharks Into the Democratic Party
  • The Hill | Wasserman Schultz backs bill to delay payday loan rules
  • New York Magazine | DNC Chair Debbie Wasserman Schultz Helpfully Illustrates Everything Bernie Sanders Hates About the Democratic Establishment
  • Esquire | It’s Time for DNC Chair Debbie Wasserman Schultz to Ride Off into the Sunset
  • Vox | The head of the Democratic Party is trying to weaken Sen. Warren’s consumer protection
  • Daily Kos | Debbie Wasserman Schultz goes to bat for predatory lenders
  • Daily Kos | Debbie Wasserman-Schultz Joins GOP Attack On Elizabeth Warren’s Agency
  • SALON | DNC Chair Debbie Wasserman Schultz joins hands with GOP in assault on Elizabeth Warren’s consumer protection agency
  • Think Progress | The Official Head of The Democratic Party Joins GOP Effort To Protect Payday Lenders
  • Jezebel | Why Is DNC Chair Debbie Wasserman Schultz Co-Sponsoring a Bill to Help Predatory Payday Lenders?
  • CommonDreams | Payday Loan Sharks Have Good Friend in Government: Democratic Party Chair
  • Dealbreaker | DNC Chairwoman Uses Odd Legislation To Pick Ill-Advised Fight With Elizabeth Warren
  • The Kansas City Star | It’s ridiculous that the leader of the national Democratic Party is protecting payday lenders
  • Consumerist | DNC Chair Backs Pro-Payday Loan Bill; Thinks 300% Interest Is A Consumer Protection
  • NAFCU | Wasserman Schultz wants delay of CFPB payday lending rule
  • Disinfo | Payday Loan Sharks Have Good Friend in Government: Democratic Party Chair
  • Crooks & Liars | Another Reason Why Debbie Wasserman Schultz Is The Worst
  • Addicting Info | DNC Chair Just DIRECTLY attacked Obama, Elizabeth Warren, And Everyone Who Voted For Them
  • Shadow Proof | DNC Chair Debbie Wasserman Schultz Caught Shilling for Payday Lenders
  • Truth Out | Democrats Join Republicans to Block Consumer Protections for Payday Loans
  • The Ring of Fire | Debbie Wasserman Schultz’s Congressional Opponent Pens Genius Take-Down Over Payday Loan Bill
  • March 3, 2016
    Fight over CFPB’s small dollar rule crosses the aisle
    A year ago this month, the CFPB, amid much fanfare, released its outline of proposals to regulate payday loans, vehicle title loans, and certain installment loans.

    March 2, 2016
    The News & Observer
    Small Mississippi lenders aided by bill rewriting state law
    Senators voted 38-11 Wednesday to approve Senate Bill 2409, which would change rules for payday and title loan lenders.
    For more coverage:

  • Mississippi ABC 11 | Senate Passes Bill to Change Payday Lending Rules
  • March 1, 2016
    The News & Observer
    House revives plan creating new loans from payday lenders
    A proposal allowing payday lenders barred from operating by a 2008 voter initiative to offer a new high-interest loan product has been revived by an Arizona House committee. Senate Bill 1316 allowing so-called “flex loans” with interest rates of 15 to 17 percent a month is a rejiggered version of a bill that failed last year.
    For more coverage:

  • The Arizona Republic | GOP gives predatory loans a win
  • The Arizona Republic | Roberts: Payday loan sharks showing their teeth again in Arizona
  • KJZZ | Despite Death of Payday Lending, State Lawmakers Push for New High-Interest Loan
  • Phoenix Business Journal | Small businesses could be the victim with new high percentage flex loan law
  • February 26, 2016
    Indianapolis Star
    State needs stronger payday lending rules
    Our attorney general should support rules from the Consumer Financial Protection Bureau that would limit payday lenders to the same lending standards we should expect from all financial institutions.

    February 24, 2016
    Indianapolis Star
    Don’t lift rate caps on Indiana payday loans
    On Thursday, the last day of hearings for the 2016 Indiana General Assembly, the payday lending industry will request that new language be added to House Bill 1340 that would authorize them to offer six-month loans of up to $1,000 at an annual percentage rate (APR) of 180 percent.
    For more coverage:

  • Indianapolis Business Journal | UPDATE: Proposal to raise payday lending rates fails
  • February 29, 2016
    Task & Purpose
    The 5 Biggest Mistakes Service Members Make With Their Money
    I can’t believe anyone would ever use a payday loan, but you wouldn’t find one outside of every base on Earth if somebody wasn’t falling for it.