Top Stories CFPB Reaffirms Plan to Overhaul Payday Lending Rule Credit Union Times, October 19 The CFPB reaffirmed its plan to issue revised payday lending rules “no later than” early next year”—a proposal that critics say could gut the regulations. CFPB Expected to Cut Payday Repayment Tests in Rule Overhaul October 19, Bloomberg News The CFPB released the …
Payday Reform News: September 10-16
Highlights September 13, My News LA: Californians paying over $700 million in payday loan fees On September 12th, California’s Board of Supervisors unanimously voted to support reform for predatory lending practices, stating that borrowers in California are paying over $700 million on their loans each year, including fees. More Coverage: Los Angeles Wave: Payday Lenders May Face New Regulations Top …
Payday News, week of April 22, 2016
Partner blogs, posts & press releases: April 20, 2016 Center for Responsible Lending (CRL) New CFPB Report Details Financial Harms Caused by Payday Lending Today the Consumer Financial Protection Bureau (CFPB) released a new report that proves how high-cost fees on small-dollar loan create rather than resolve financial challenges for borrowers. April 20, 2016 Consumer Federation of America (CFA) CFPB …