Payday lending

Critics of CFPB’s revised payday rule miss the mark

02/19/19

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.

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Speedier bank mergers; a new take on the Equifax hack

02/14/19

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.

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Consumer lender Insikt rebrands as Aura

02/12/19

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

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Shutdown highlighted need for bank-backed small-dollar loans

02/11/19

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.

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

02/08/19

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.

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

02/07/19

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.

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CFPB takes big step toward unwinding payday lending rule

02/06/19

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.

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CFPB fines payday lender Cash Tyme for overcharging customers

02/05/19

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

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

02/01/19

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.

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

01/31/19

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.

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