Highlight Why every American should want a strong CFPB December 6, Los Angeles Times If you have — or ever want to have — a bank account, credit card, debit card, car loan, student loan, home loan, payday loan, credit report or any other financial product of any type, or if you were harmed in any way by the 2008 …
Payday Reform in the News March 17
Highlight They’re Back! Loan Sharks Circling Again March 15, Arkansas Online Strong editorial backing lawmakers in their work to keep CashMax from getting borrowers caught up in “involuntary servitude.” Top Stories Huge majority of Ohioans want payday lending reform – now legislature must act: Brent Larkin March 16, Cleveland.com A new poll commissioned by The Pew Charitable Trusts …
Payday Reform in the News March 10
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 …
Payday News December 17-22
Highlight December 21, Real Estate Rama: Don’t Let Payday Loans Turn Your Holiday Dreams Into A Nightmare This consumer warning piece quotes the president of Woodstock Institute, uses the material about what holiday toys would cost if bought with payday loans and promotes a strong payday rule from the CFPB. More Coverage: Taos News: Be mindful of the Darker Side of Holidays …
Payday News December 3-9
Highlight: December 3, Alamogordo Daily News: ACS One-Stop Shop for Families An Army Community Service center in New Mexico is offering a “one stop shop” to low-income families, providing them with toys, food, and other holiday items. One of the purposes of the center is to prevent families from taking out payday loans to afford items around Christmastime. Repost: Las Cruces Sun-News …
28 Senators call for CFPB to strengthen payday lending rule
28 Senators, led by Senators Brown Coons, Durbin, and Merkley, signed onto a letter in support of a strong final CFPB small-dollar lending rule. The detailed letter is a powerful call to the CFPB to strengthen its final rule and ensure that we stop the debt trap. Read the full letter. “We believe that the CFPB’s efforts will help to …
New Mexicans learn how to Be A Rule Changer in Gallup
New Mexico- On April 9th, the Pit of Despair was hosted by the South West Center for Economic Integrity at the Gallup Convention Center in the city in the center of the Navajo Nation. Sharkie, a predatory payday lender, found an accommodating habitat in the desert town of Gallup. How can a shark thrive in the desert? By swimming through …
Payday News, December 21 – January 8
January 5, 2016 The Hill Blog Stop the debt trap Gary Kalman from CRL posted a response to Jeffrey H. Joseph’s blog about the CFPB rule on payday loans. January 6, 2016 PBS Newshour Fighting the debt trap of triple-digit interest rate payday loans South Dakota has been the epicenter of high interest since the 1980s, when the state repealed …