STATEMENTS
ELECTED OFFICIALS
ORGANIZATIONS
Americans for Financial Reform
Center for Responsible Lending
Consumer Federation of America
Cooperative Baptist Fellowship
Indiana Institute for Working Families
Leadership Conference on Civil and Human Rights
National Association of Consumer Advocates
National Community Reinvestment Coalition
US Public Interest Research Group
FINANCIAL TRADE GROUPS
Credit Union National Association
National Association of Federally-Insured Credit Unions
Community Financial Services Association of America
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NEWS COVERAGE
New York Times: Consumer Bureau Scraps Restrictions on Payday Loans
Wall Street Journal: Rollback of Payday Loan Proposal Decried by Consumer Groups, Welcomed by Banks
CNN: Consumer protection bureau gets rid of restriction on payday lenders
NPR: CFPB Strips Some Consumer Protections For Payday Loans
ABC News: ‘A grave error’: Consumer Financial Protection Bureau abandons payday loan limitations
CNBC: New payday loan rules could leave millions ‘exposed’ to debt trap
Forbes: CFPB Revokes Payday Lending Restrictions Meant To Protect Borrowers
American Banker: CFPB makes it official, rescinds Cordray-era limits on payday lenders
Yahoo Finance: Black communities vulnerable to ‘debt traps’ as key protections against payday loans removed
Morning Consult: CFPB Scraps Ability-to-Repay Provision From Payday Rule: Instant Reaction
The Root: Trump’s Watchdog Group OK Predatory Payday Loans
Buzzfeed News: Trump CFPB Allows For Payday Loans To People Who Can’t Repay
Finance & Commerce: Consumer bureau scraps payday loan rules – Finance & Commerce
The Hill: Consumer bureau revokes payday lending restrictions
Seattle Times: Consumer bureau scraps restrictions on payday loans
CBS: Payday lenders won’t have to check whether borrowers can afford loans
ConsumerAffairs: CFPB revises payday lending rules, potentially leaving millions of consumers with ‘unaffordable payments’
Fox59: Pandemic poses concerns for predatory lending in Indiana
LA Times: New payday-loan rule may hit Black, Latino borrowers hardest
Salon: Trump’s CFPB Director pushed to resign over new rule allowing predatory “debt traps”
Reuters: U.S. consumer watchdog removes ‘ability-to-pay’ need from final payday loan rule