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Payday Lending Links

Today, I made a presentation on payday lending at Evangel University’s Compassion Symposium.

First, here’s a video from Pew Charitable Trusts that explains how payday lending works: 235 more words

Current Events

Don't Let the Obama-Era War on Payday Lenders Commence

By Krisztina Pusok

Most Americans take access to credit for granted. Recent estimates show that there were 364 million open credit
card accounts in the United States as of the end of 2017, with about 7 in 10… 761 more words

New payday lending and high-cost credit product laws

New payday lending and high-cost credit product laws

Changes to consumer lending laws in the Provinces of Newfoundland and Labrador and British Columbia have been announced. 425 more words

Consumer Finance

CFPB Proposal Would Gut Payday Loan Rule

Good morning Folks. I’m sure that consumer activists all across the country are fired up this morning as they peruse the CFPB’s proposed regulation eliminating… 510 more words

Regulatory

Consumer Protection Bureau Cripples New Rules for Payday Loans

The only thing surprising here is that it took her this long.

The agency’s new director reversed course on regulations intended to prevent borrowers from being caught in an endless cycle of short-term, high interest loans.