Payday Reform News: October 29- November 4

Highlight November 1, WABE 90.1: Georgia Supreme Court Rules Company Violated Payday Lending Ban The Georgia Supreme Court has ordered Western Sky Financial to pay $15 million, which is about the amount that the company took from borrowers since the case was first filed. More Coverage: The Atlanta Journal-Constitution: Georgia Supreme Court Blocks South Dakota Payday Lender Atlanta Business Chronicle: …

Payday Reform News: October 15-24

Highlight October 23, The Brownsville Herald: Texas Appleseed Cites Loan Model Launched in Brownsville Texas Appleseed’s recent report includes the business model and loan program that Brownsville, TX uses to provide alternative financial services to payday loans. Top Stories October 24, Martinsville Bulletin: Letter to the Editor: Time for a change A letter to the editor calls on Virginians to …

Payday Reform News: October 8-15

Highlight October 10, Chicago Tribune: There’s High Interest in Cracking Down on Payday Loans This article gives a general overview of the fight against payday lending the in the last 20 years, and the difficulties that must be overcome in order to create a feasible solution to this issue. This article quotes Mike Calhoun. More Coverage: Wall Street Journal Partner …

Payday Reform News: September 24-30

Highlight September 28, New Brunswick Today: Federal Agency Wants Comments From Public on Payday Loan Rules The article states that the CFPB is accepting comments for payday lending reform, and provides details about the proposal. Partner Blogs & Press Releases Allied Progress: CFPB Must Closely Scrutinize Comments Opposing Proposed Payday Lending Rule Stop the Debt Trap: Stop the Debt Trap: …

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 …

Sen. Elizabeth Warren, Community Activists, Faith Leaders Address Moral Imperative to Rein In Payday Lenders

Leaders Call for Comments to Consumer Financial Protection Bureau to Stop The Debt Trap Washington, D.C. – September 27th, U.S. Sen. Elizabeth Warren (D-MA), joined by faith leaders and community activists from around the country, spoke at a tele-town hall about the dangers of payday lending, and why we have an obligation to stop the predatory payday loan debt trap. …

Payday Reform News: September 17-23

Highlight September 19, KY3: Springfield City Council Asking Feds to Better Regulate Payday Loans The Springfield City Council decided to pass a resolution allowing the city to inform the CFPB that they must further regulate payday lending. There was a large presence of faith-based community members who came to express their concerns about how the payday lending industry has affected …