March 1, 2016 Huffington Post DNC Chair Joins GOP Attack On Elizabeth Warren’s Agency Wasserman Schultz is co-sponsoring a new bill that would gut the CFPB’s forthcoming payday loan regulations. For more coverage: Palm Beach Post | Cerabino: Lawmakers should try fund-raising by payday loan terms The Detroit News | O’Connor: Payday loan act is a payday for somebody Huffington …
Payday News, week of February 26, 2016
February 23, 2016 Atlantic Journal Constitution Watchdog group says David Scott received thousands from payday loan industry And with his attack — lifted a little too literally from text written by a lobbyist for the lenders — Scott was taking the side of an industry that has given him more than $72,000 since his election to the House in 2002. For …
Payday News, week of February 19, 2016
February 19, 2016 Huffington Post Watch This Congressman Plagiarize a Lobbyist on Payday Loans February 18, 2016 PYMNTS.com FTC Sends Money To Payday Loan Scam VictimsIn the wake of a payday lending scam that swindled money from consumers, the Federal Trade Commission is sending checks to consumers affected by the ruse. More coverage: Imperial Valley News | FTC Returns Money …
Payday News, week of February 12, 2016
February 12, 2016 Bloomberg Top CFPB Official Defends Federal Efforts on Payday Lending A top official at the Consumer Financial Protection Bureau (CFPB) defended the agency’s regulatory steps on payday lending during a congressional hearing that explored preemption and state regulation of short-term, small-dollar products. February 10, 2016 Reuters U.S. payday lending crackdown brings race car driver’s arrest An indictment …
Payday News, week of February 5, 2016
Febraury 4, 2016 Daily Kos These 10 House Democrats Just Voted to Make It Tougher to Investigate & Prosecute Bank Fraud H.R. 766 would curtail federal scrutiny of bank transactions with payment processors, payday lenders, and other companies that are at high risk of engaging in money-laundering, financial fraud, or terrorist financing. February 3, 2016 Waco Tribune Payday lending limits …
Payday News, week of January 29, 2016
January 28, 2016 ChristianToday Iowa: Catholics and evangelicals unite to put payday loans on agenda Evangelicals and Catholics have united in an effort to put payday lending on the agenda ahead of the Iowa caucus, according to the Catholic News Service. For more coverage: CatholicPhilly.com|Iowa caucuses, lawmakers getting payday lending issue on their radar January 29, 2016 Public News Service …
Payday News, week of January 22, 2016
January 21, 2016 Yahoo Finance U.S. agency seeks $1.3 bln in racecar driver’s payday lending case U.S. regulators have asked a federal judge in Nevada to order a professional racecar driver and various entities he and his late brother controlled to pay more than $1.32 billion for engaging in a scheme to deceive payday lending customers. For more coverage: Law360 …
Payday News, week of January 15, 2016
February 2016 Sojourners How to Practice Safe Banking Advertised as “EZ Cash” and “24-7 Finance,” the perils of payday loans, with exorbitant interest rates upward of 300 percent, trap households in long-term debt. January 15, 2016 The Digital Universe Orem lawmaker continues proposals to reign in payday lenders An Orem lawmaker continues to push measures that regulate payday lending firms …
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 …
Payday News, December 11-22
December 21 CBS Dallas-Forth Worth New Ordinance In Mequite For Payday Lending Companies Mesquite joins 29 other Texas cities to pass ordinances regulating payday and title loans. For more coverage: NBC Dallas-Forth Worth | Mesquite Approves New Policies for Payday Lenders December 21 Connecticut Post Connecticut probes Oklahoma tribe’s payday loan businesses The state Department of Banking is investigating small …