May 18, 2016 The Wall Street Journal CFPB to Propose Payday-Loan Rule on June 2 The Consumer Financial Protection Bureau set June 2 as the day it will propose a long-awaited rule to curb payday lending, moving a step closer to implementing the first federal regulation for an industry now overseen by states. More Coverage: The Kansas City Star | …
“Paydayfreelandia” States Go To Washington
COMMUNITY & CLERGY LEADERS FROM “PAYDAYFREELANDIA” CALL ON CFPB TO ISSUE STRONG PAYDAY LENDING RULE Warn Agency that Weak Rule will Usher in New Wave of Predatory Lending Deliver Letters Urging CFPB Not to Undercut Strong State Laws that Prohibit Payday Loans A coalition of two dozen faith leaders, and labor, civil rights, and community groups from states that ban …
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 …
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