Payday Loan Reform News – June 18

  Highlight   Federal judge rejects CFPB’s effort to halt payday rule June 13, American Banker A federal court dealt a blow to efforts by the Consumer Financial Protection Bureau to slow down the agency’s payday lending rule. U.S. District Judge Lee Yeakel on Tuesday denied the request by acting CFPB Director Mick Mulvaney that the court delay the payday …

Dear Payday Lenders, Maine Just Isn’t That Into You

Read the polling memo here. According to a new poll, only 6% of Maine residents think of payday lenders positively, and most support payday lending reform. There are more Mainers who dislike the New England Patriots than Mainers who oppose reforming payday loans. These sentiments reach across the partisan divide, as 76% of Trump voters and 86% of Clinton voters …