Tags » PayDay Lending

Banks Should Lead the Way Out of the Payday Lending Trap

For the 40% of Americans who don’t have the cash reserves to cover a $400 emergency expense, payday and other high-cost loans may be the only option when they face an unexpected cost. 776 more words

Commentary

3 Things To Know On Tuesday Morning

If you’re a recent visitor from another planet, you could be forgiven for thinking that the world is dominated by misogynists and would be predators so I’ve decided to lead with news, while not directly related to credit union land, shows that progress is in fact being made. 360 more words

Regulatory

CBF Advocacy celebrates survival of payday lending rule


CONTACT
Aaron Weaver, aweaver@cbf.net

DECATUR, Ga. — Stephen K. Reeves, associate coordinator of partnerships and advocacy for the Cooperative Baptist Fellowship, released the following statement following news that the Consumer Financial Protection Bureau’s rule providing protections to millions of American consumers from the predatory practices of payday lenders has survived an attempted repeal in Congress. 376 more words

Advocacy

A New Type Of Bank Offers A Lifeline For Those Trapped In A Vicious Cycle Of Debt

Originally published in HuffPost on April 12, 2018.
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Three years ago Cynthia Tucker relocated from South Carolina to Raytown, Missouri ― a suburb just outside Kansas City ― to be closer to her children and grandchildren. 821 more words

Customer Risk in Cryptocurrency and Florida Payday Lending

There are new risks that might evade detection by the current risk management machine learning models used in financial institutions. I wanted to share some interesting observations that could impact risk in credit card portfolios. 425 more words

Risk Management

New Payday Loan Rules: Well-Intentioned With Heavy Baggage

The Consumer Financial Protection Bureau’s (CFPB) payday lending rule goes into effect next week. 920 more words

Economics