Payday lending

House Democrats ask CFPB to abandon payday rule overhaul

08/23/19

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.

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

08/15/19

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.

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Consumer groups to CFPB: Implement payday rule

08/12/19

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

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

08/08/19

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.

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State regulators scrutinize payroll advance firms

08/07/19

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

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Payday loan alternative moves forward in California

07/09/19

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.

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California on verge of capping rates on installment loans

06/27/19

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.

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As California mulls rules for payday loan alternative, rifts emerge

06/24/19

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.

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

06/13/19

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.

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CFPB delays compliance date for key part of payday lending rule

06/07/19

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

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