Communities across the country have been fighting for years against the impact of payday lending, urging their state officials to stop the debt trap in its tracks. On the federal front, the Consumer Financial Protection Bureau (CFPB) has clamped down on payday lenders who have broken state laws, resulting in relief for thousands of Americans who were stuck in a …
Payday News January 13
Highlight January 13, The Register-Guard: Protecting the little guy This editorial out of Oregon outlines the threats against the CFPB, mentions its action against payday lenders and supports its independence. Top Stories January 12, Huffington Post: Trump Moves Closer To Gutting Elizabeth Warren’s Consumer Watchdog Ben Walsh and Ryan Grim report that Trump spokesman Sean Spicer said that Trump is considering appointing …
Payday Reform News: August 27-Sep 2
Highlights August 30, Arizona Capitol Times: Stop triple-digit interest rates for good This opinion piece from Diane Brown and Kelly Griffith recount Arizona’s 2008 ballot measure defeating the payday industry’s attempt to keep triple-digit interest rates legal in Arizona. It mentions PIRG’s August report showing 91% of consumer complaints on payday to the CFPB show evidence of the unaffordability of …