Payday Reform in the News March 6




Lawmakers want to gut a consumer watchdog
February 26, St. Louis Post Dispatch

The St. Louis Post Dispatch published a popular defense of the CFPB thanks to editorial board memos that went around, and their editorial was picked up by newspapers in other states as well:

Myrtle Beach Sun News (SC)
Daily Camera (CO)


Top Payday Stories


How are Michiganders scammed the most? AG releases Top 10 list
March 6, WZZM (MI)
Payday lending and other credit and financial scams or misbehavior remains the top complaint to the Michigan Attorney General's Consumer Protection bureau.


Monday: Discussing the payday lending ballot measure St. Louisans will vote on tomorrow
March 6, KBIA (MO)
Radio show will discuss a ballot measure imposing a fee on St. Louis payday lenders.


Proposition S: A win for St. Louis
March 5, St. Louis Post Dispatch (MO)
A city alderman supports local ordinances regulating payday lending.


Yes on Proposition S to regulate payday lending in St. Louis
March 4, St. Louis Post Dispatch: Editorial (MO)
The Editorial Board supports local payday lending regulations.


Local View: Nebraska needs real payday lending reform
March 3, Lincoln Journal Star (NE)
A representative of the Omaha Women’s Fund supports payday lending reform.


State Sen: Payday lenders out of government business
February 27, Abilene Reporter-News (TX)
A Texas state senator has introduced a bill to stop the state from doing business with payday lenders and title lenders, which are now set up to accept payments for the state’s Driver Responsibility program.


Judge: Produce documents in payday lending case, or go to jail
February 24, Kansas City Business Journal (MO)
Joel Tucker, brother of famed racecar driver and payday lender Scott Tucker, must produce documents accounting for the fake debts he sold which he apparently obtained from his brothers business by March 13 or go to jail.


The Enduring Role of the States and Cities in Small-Dollar Lending
February 22, Lexology (National)
Article discusses how state and city consumer protections would not be pre-empted by a CFPB rule, and discusses the little known role of cities in regulating payday lending.

Lawmakers in Lincoln Hear about Payday-Lending Bills
February 22, Public News Service (NE)
Nebraska State lawmakers heard testimony Tuesday on a bill that would beef up consumer protections in the payday-lending industry, including hearing about an AARP survey finding three out of four Nebraskans support a 36% cap on payday lending.
More coverage: Omaha World-Herald: Overhaul in store for payday loan industry if bill passes, KMTV: Lawmakers hear payday loan regulation bill, Lincoln Journal-Star: Proposed restrictions would doom payday lending in Nebraska, lenders say

Lenders, low-income advocates face off on payday loan bills
February 20, Beatrice Daily Sun (NE)
Payday lending regulation brings in heated debate between low income communities and the lenders that prey on them.
More Coverage:
KMTV: Nebraska lawmakers to hear legislation on payday loans
KMTV: Complete Strangers Pays Off Woman’s Payday Loans

Partner Work and Consumer Defense

Lots of great pieces thanks to the efforts of partners calling on congress and the administration to drop their plans to attack the Consumer Financial Protection Bureau:


James Goddard: Consumer protections are needed
March 6, Midlands Voices (NE)

Listen to Main, not Wall Street
March 5, San Antonio Express-News (TX)


Letter: Rounds supports elimination of the CFPB
March 3, Argus Leader (SD)


Attacks against consumer protection agency are baffling
March 2, St. Louis Post Dispatch (MO)


Singletary: A broad alliance is deservedly coming to our consumer watchdog’s defense
March 1, The Columbian (MO)


Keep Consumer Financial Protection Bureau
March 1, San Angelo Standard Times (TX)


Look at the Positive Side of CFPB
March 1, Helena Independent Record (MT)


Texans need to tell Ted Cruz and Jeb Hensarling to keep the Consumer Financial Protection Bureau
February 27, Dallas Morning News (TX)

Des Moines Register Editorial: Congress shouldn't neuter consumer watchdog
February 27, Des Moines Register (IA)


Allies rally to consumer watchdog's defense
February 26, South Bend Tribune (IN)


Keep the consumer watchdog on the job
February 24, San Francisco Chronicle (CA)


Consumer Financial Protection Bureau deserves protection: Letter to the Editor
February 23, Cleveland Plain Dealer (OH)


¿Cuáles son las prioridades de los consumidores en la administración Trump?
February 23, El Diario NY


Editorial: Trump catering to fat cats on Wall Street
February 22, Herald Tribune (IN)


A Champion of the People or Wall Street? Trump Pushes to End Dodd-Frank & Consumer Protection Agency
February 21, Democracy Now (National)


Preserve CFPB
February 20, Scranton Times Tribune (PA)


EDITORIAL: Consumer protection is in peril
February 18, Culpepper Star Exponent (VA)


If Trump defangs consumer watchdog agency, big banks win, you lose
February 16, New Jersey Star Ledger (NJ)