Payday lending

House Democrats ask CFPB to abandon payday rule overhaul


House Financial Services Committee Chairwoman Maxine Waters and over a hundred other lawmakers want the agency to go forward with a mandatory underwriting requirement for payday loans.


'A wolf in sheep's clothing': Comments of the week


Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.


Consumer groups to CFPB: Implement payday rule


Four advocacy groups questioned why the consumer bureau did not ask a judge to lift a stay of the rule's payment provisions.


Payday loans decline in Calif. as borrowers turn to installment products


New data from the state shows that payday loans fell to a 12-year low in 2018. But the trend does not necessarily mean that consumers are paying less to borrow.


State regulators scrutinize payroll advance firms


New York and 10 other states are looking into whether companies in the fast-growing sector are violating payday lending laws.


Payday loan alternative moves forward in California


A bill to regulate firms that give workers early access to unpaid wages passed a key committee this week, but industry groups and advocates are still seeking changes.


California on verge of capping rates on installment loans


The legislation, which passed a key test in the state Senate on Wednesday, is the product of a compromise between consumer advocates and some lenders.


As California mulls rules for payday loan alternative, rifts emerge


Companies that offer early access to earned wages want a regulatory framework for their fast-growing industry. But the bill under consideration in Sacramento is exposing big divisions in the sector.


'You had a great brand. Egos killed it': Comments of the week


Readers respond to BB&T-SunTrust's rebranding, consider the future of home equity loans, debate the number of credit unions buying up community banks and more.


CFPB delays compliance date for key part of payday lending rule


The CFPB issued a final rule late Thursday to delay the compliance date for mandatory underwriting provisions of the 2017 payday lending rule.