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 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interest rate payday loans South Dakota has been the epicenter of high interest since the 1980s, when the state repealed …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 …
Payday News, to December 12
December 8 Waco Tribune Payday lending limits win public support, head to Waco council A draft ordinance to regulate payday and auto title lenders is headed for the Waco City Council next month after it won strong support at a public meeting Tuesday. December 7 Waco Tribune Waco wants public input on ‘predatory’ payday lending law The public is invited …
Payday News Stories, Week Ending December 3rd, 2015
November 30 Business First Ohio payday lender cuts jobs, blames new regulations The payday lending business Community Choice Financial Inc. claims to be letting go of employees due to impending restrictions on the industry. November 20 The Nation Payday Lenders Keep Evading Their Regulators. Can Anyone Stop Them? The article highlights how loopholes in payday lending regulations allow lenders to …
Payday News Stories, Week of November 20, 2015
November 18 Portsmouth Daily Times Brown comes out against predatory loans Ohio Senator Sherrod Brown comes out against predatory payday and car title lenders. For more coverage: November 18 | Cleveland.com | With more payday lenders than McDonald’s, a crackdown is needed now, U.S. Sen. Sherrod Brown says November 18 The Dallas Weekly Ohioans Lose over $500 million to Payday …