A payday loans rule that stalled for years will help borrowers - NPR
WEBJun 28, 2024 · The Center for Responsible Lending (CRL) estimates that in 30 states where payday loans are allowed, more than $2.2 billion is paid each year by borrowers who earn an average of $25,000...
The U.S. wants to crack down on payday loans. Here’s what you …
WEBJun 10, 2024 · Following a Supreme Court ruling in May, the federal government is expected to get tougher on regulating payday lenders and other firms that offer high-interest, short-term loans.
Payday lenders aim to evade federal probes as borrowers plead …
WEBOct 28, 2023 · Powerful financial firms that offer high-cost, short-term loans to poor Americans have blocked at least five federal investigations into their business practices since the start of last year,...
New protections for payday and installment loans slated to take …
WEBJun 14, 2024 · After a Supreme Court decision last month, the CFPB’s rule to bring common-sense consumer protections for payday loans and other kinds of high-cost credit will move forward.
Payday Lending - Federal Trade Commission
WEBJan 24, 2024 · Many consumers who need cash quickly turn to payday loans – short-term, high interest loans that are generally due on the consumer’s next payday after the loan is taken out.
Payday lenders' Texas lawsuit could topple watchdog that ... - KERA News
WEBOct 3, 2023 · Lenders that offer small, short-term loans with high fees could be affected by a Supreme Court case that'll determine the fate of the Consumer Financial Protection Bureau.
Hiltzik: Payday lending scams are more numerous than ever - Los …
WEBJul 24, 2024 · Payday lenders have long been the source of some of the worst financial abuses. After getting a free pass from Trump, they're again the target of federal regulators.
CFPB Finds Payday Borrowers Continue to Pay Significant Rollover …
WEBApr 6, 2022 · A report published today by the Consumer Financial Protection Bureau (CFPB) shows few payday loan borrowers are benefiting from no-cost extended payment plans, which are required to be offered to borrowers in the majority of states that do not prohibit payday lending.
Payday Loans - The New York Times
WEBNews about Payday Loans, including commentary and archival articles published in The New York Times.
CFPB Finalizes Rule To Stop Payday Debt Traps
WEBOct 5, 2017 · WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today finalized a rule that is aimed at stopping payday debt traps by requiring lenders to determine upfront whether people can afford to repay their loans.