March 9, 2016 Lubbock Avalanche-Journal Catholic Church battling predatory lending The Catholic Church is horrified at the financial traps some of its parishioners have fallen into through payday and auto title loans. More coverage: Fox 34| Community leaders want Congress to regulate payday and title loans March 11, 2016 Al.com Payday lending reform ambushed in Alabama Senate Alabama Senate Pro …
Texas Catholic Conference: Close the Pit of Despair Caused by Payday Loans
Pictured above: Bishop Placido Rodriguez of the Lubbock Diocese and Father Martin Piña pray for those caught in the payday lending debt trap. [Lubbock, TX] At a forum sponsored by the West Texas Organizing Strategy on March 9th, clergy and community members were appalled to learn that the city of Lubbock has thirty-three payday and auto title lenders catching people …
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 …
Payday News, week of February 26, 2016
February 23, 2016 Atlantic Journal Constitution Watchdog group says David Scott received thousands from payday loan industry And with his attack — lifted a little too literally from text written by a lobbyist for the lenders — Scott was taking the side of an industry that has given him more than $72,000 since his election to the House in 2002. For …
Payday News, week of February 19, 2016
February 19, 2016 Huffington Post Watch This Congressman Plagiarize a Lobbyist on Payday Loans February 18, 2016 PYMNTS.com FTC Sends Money To Payday Loan Scam VictimsIn the wake of a payday lending scam that swindled money from consumers, the Federal Trade Commission is sending checks to consumers affected by the ruse. More coverage: Imperial Valley News | FTC Returns Money …
The Pit of Despair in Birmingham
The Pit of Despair was set up at an action in the Birmingham neighborhood of Ensley, which is checkered with payday loan storefronts. City councilwoman Lashunda Scales, Joe Dean of the Baptist Church of the Covenant, and Mary Jones of the Greater Birmingham Ministries joined Alabama Arise and Alabama Appleseed in hoisting their neighbors out of, jumping over, and falling …
Payday News, week of February 12, 2016
February 12, 2016 Bloomberg Top CFPB Official Defends Federal Efforts on Payday Lending A top official at the Consumer Financial Protection Bureau (CFPB) defended the agency’s regulatory steps on payday lending during a congressional hearing that explored preemption and state regulation of short-term, small-dollar products. February 10, 2016 Reuters U.S. payday lending crackdown brings race car driver’s arrest An indictment …
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 …
Payday News, week of January 22, 2016
January 21, 2016 Yahoo Finance U.S. agency seeks $1.3 bln in racecar driver’s payday lending case U.S. regulators have asked a federal judge in Nevada to order a professional racecar driver and various entities he and his late brother controlled to pay more than $1.32 billion for engaging in a scheme to deceive payday lending customers. For more coverage: Law360 …