Payday lending

Critics of CFPB’s revised payday rule miss the mark


The agency’s proposed changes to its standard for small-dollar loans will help ensure underbanked consumers still have access to credit. Concerns about predatory lending are overstated.


Speedier bank mergers; a new take on the Equifax hack


The time regulators take to decide on prospective deals has dropped sharply; a report says the cyberthieves were looking for info to help recruit spies.


Consumer lender Insikt rebrands as Aura


The installment lender, which bills itself as an alternative to payday lenders, targets underserved communities and operates through a network of retail partners.


Shutdown highlighted need for bank-backed small-dollar loans


Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.


'Oscar for best lobbyists goes to ... regional banks': Comments of the week


Readers respond to the Consumer Financial Protection Bureau's overhaul of its payday loans rule, debate reforms to Fannie Mae and Freddie Mac, consider regulatory exemptions for regional banks and more.


BB&T, SunTrust to merge; ECB plans new bank stress test


The deal would be the biggest bank merger in more than a decade; banks would need to show how many days they could last with just cash on hand.


CFPB takes big step toward unwinding payday lending rule


In a major victory for small-dollar lenders, the agency plans to rescind underwriting requirements that were the centerpiece of the rule drafted by a Democratic appointee.


CFPB fines payday lender Cash Tyme for overcharging customers


The lender collected at least $21,800 that consumers did not owe and harassed borrowers' personal references, according to a CFPB settlement.


CFPB bans group of payday firms from lending in U.S.


The CFPB banned online payday lender NDG Financial, three corporate officers and nearly a dozen affiliated companies from lending to consumers in the U.S.


FDIC's small-dollar riddle: How to entice banks, yet stay tough


The agency is exploring how to reopen small-dollar lending options for banks, but consumer groups are urging the agency to maintain pricing limits and other controls.