Highlight of the week: August 11, Christianity Today: The Ordinance – a new documentary film co-produced by Deidox Films and Christianity Today Check out this exclusive free video premiere of how clergy in Texas took on a billion-dollar industry that preyed upon the poor. When the State of Texas did not enact rate cap reform, churches stood up to advance …
Payday Reform News: July 29-August 5
Highlight of the week: August 4, Wisconsin Public Radio: Rally Against Payday Loan And Vehicle-title Lenders More than 100 activists from across the nation rallied at a Milwaukee payday loan storefront earlier this week demanding the Consumer Financial Protection Bureau properly regulate payday and car-title lenders with high interest loans. Partner Blogs and Statements: August 4, National Council of La …
Payday Reform News: Week of May 31
May 27, 2016 Kansas City Star Hopes soar on effort against payday loans Other Top Stories: May 31, 2016 Columbia Missourian CARL KENNEY: It’s time to stop financial predators from gouging the vulnerable Payday lenders are gangsters protected by our state government. They wreak havoc on families who make the decision to pay high interest rates because they have few …
Payday News, week of May 20, 2016
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 | …
Payday News, week of May 7, 2016
Payday News, May 2 – 6 May 3, 2016 The Oregonian Bankrupt cancer survivor gets shock: $300 loan balloons into $40,000 debt in 2 years Ms. Banks has run up against a practice in the payday and title loan industry that consumer advocates are trying to change. More coverage: Raw Story | Oregon cancer survivorís payday loan balloons from $300 …
Payday News, week of April 22, 2016
Partner blogs, posts & press releases: April 20, 2016 Center for Responsible Lending (CRL) New CFPB Report Details Financial Harms Caused by Payday Lending Today the Consumer Financial Protection Bureau (CFPB) released a new report that proves how high-cost fees on small-dollar loan create rather than resolve financial challenges for borrowers. April 20, 2016 Consumer Federation of America (CFA) CFPB …
Payday News, week of April 15, 2016
April 14, 2016 The White House Blog A Moral Case for Putting a Stop to Payday Lending Abuses What emerged was a common, powerful theme: that we have a moral obligation as a country to do something to stop payday lenders from preying on consumers by trapping them in an endless cycle of debt. More coverage: The Wall Street Journal …
Payday News, week of April 8, 2016
Blogs, posts & press releases: April 2016 Center for Responsible Lending Enfoque: Payday (PDF) Spanish language magazine published by CRL with an issue focusing exclusively on payday lending. April 8, 2016 New Economy Project New Economy Project and Allies Go to DC to Demand Strong Payday Lending Rule Community and clergy leaders from Paydayfreelandia call on CFPB to issue strong …
Payday News, week of April 1, 2016
Partner blogs, posts & press releases: March 29, 2016 Leadership Conference on Civil and Human Rights Letter to Rep. Wasserman Schultz on the “Consumer Protection and Choice Act” “H.R. 4018 would impose a two-year moratorium on any rulemaking by the Consumer Financial Protection Bureau (CFPB) that would regulate “deferred presentment transactions” – better known as, but not limited to, so-called …
Payday News, week of March 25, 2016
March 24, 2016 Tampa Bay Times Florida’s payday lender law is no model, report concludes Florida regulations of payday lenders defended by Reps. Debbie Wasserman Schultz,Patrick Murphy and others have cost poor Floridians more than $2.5 billion in fees over the last decade, according to a new study. For more coverage: MarketPlace | Are payday loans hurting minorities? Reprints: Nashville …