Tag: Payday lending
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Proposals Strip Away Payday Loan Rate Caps
By Charlene Crowell For most people who either work, receive retirement or other fixed benefits, it seems that your money always goes a lot quicker than it comes. While some economists marvel at Wall Street’s brisk trading and declare that the economy is better than ever, not everyone has been included. On Main Street America, ... -
Do the Right Thing: Enact Payday Loan Rules
By Charlene Crowell For most people, life feels better when there is something to look forward to. Whether looking forward to graduation, the arrival of a new baby, or retirement that affords a few years to just enjoy life – these kinds of things make going through challenging times somehow more manageable. For payday loan ... -
House Chair Waters: Return Consumer Protection to CFPB
By Charlene Crowell On March 7, the House Financial Services Committee, chaired by Congresswoman Maxine Waters marked the first time that the new Director of the Consumer Financial Protection Bureau (CFPB) appeared for a hearing in this capacity. Entitled, Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau,” the session is the ... -
Civil Rights Leaders Support Rules to Crackdown on Payday Lending
By Charlene Crowell After five years of field hearings, town hall meetings, multiple research reports, and over one million comments, the Consumer Financial Protection Bureau (CFPB) announced on October 5 a new rule to rein in predatory payday and car-title loans. “These protections bring needed reform to a market where far too often lenders have ...