Highlight Linda Frame: WV sees through financial lobbyists; Manchin should too (Gazette) March 9, Charleston Gazette-Mail (WV) A project manager at WV Center on Budget and Policy asks Senator Manchin not to listen to lobbyists who want to weaken the CFPB. Top Stories House panel endorses storefront loan reforms March 10, Albuquerque Journal Legislation has been introduced in New Mexico …
More Than 100 House Members Send Letter Urging Strong CFPB Payday Rule
Members Applaud Bureau for First Step in Regulating Small-Dollar Lending Industry Washington, D.C.- Today, 104 House Members, led by Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, sent a letter to the Consumer Financial Protection Bureau (CFPB) urging it to adopt a strong final payday lending rule and close loopholes that harm consumers. Congress gave the …
Payday Reform News: August 19-26
August 19, Progressive Pulse, NC POLICY WATCH: Today’s “must read”: How a progressive stance on one issue is saving NC residents more than $450 million per year This blog post summarizes CRL’s research showing that state’s without payday lending save $2.2 billion per year. Evidence from CRL and others shows that borrowers in these states find alternatives that are cheaper, …
Payday News, week of May 7, 2016
Payday News, May 2 – 6 May 3, 2016 The Oregonian Bankrupt cancer survivor gets shock: $300 loan balloons into $40,000 debt in 2 years Ms. Banks has run up against a practice in the payday and title loan industry that consumer advocates are trying to change. More coverage: Raw Story | Oregon cancer survivorís payday loan balloons from $300 …
Payday News, week of April 15, 2016
April 14, 2016 The White House Blog A Moral Case for Putting a Stop to Payday Lending Abuses What emerged was a common, powerful theme: that we have a moral obligation as a country to do something to stop payday lenders from preying on consumers by trapping them in an endless cycle of debt. More coverage: The Wall Street Journal …
Payday News, week of April 8, 2016
Blogs, posts & press releases: April 2016 Center for Responsible Lending Enfoque: Payday (PDF) Spanish language magazine published by CRL with an issue focusing exclusively on payday lending. April 8, 2016 New Economy Project New Economy Project and Allies Go to DC to Demand Strong Payday Lending Rule Community and clergy leaders from Paydayfreelandia call on CFPB to issue strong …
Payday News, week of March 25, 2016
March 24, 2016 Tampa Bay Times Florida’s payday lender law is no model, report concludes Florida regulations of payday lenders defended by Reps. Debbie Wasserman Schultz,Patrick Murphy and others have cost poor Floridians more than $2.5 billion in fees over the last decade, according to a new study. For more coverage: MarketPlace | Are payday loans hurting minorities? Reprints: Nashville …
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 …
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 …