Payday lending

CFPB path to unwinding payday rule riddled with legal land mines

08/10/18

The bureau is expected to choose an option that could trigger court challenges after a judge yet again refused to halt the rule’s compliance date.

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Ohio governor signs law aimed at reining in high-cost lenders

07/31/18

The state follows Colorado’s lead in adopting reforms pushed by the Pew Charitable Trusts.

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6 takeaways from Treasury fintech report: National charter, breaches and more

07/31/18

The Trump administration is making more than 80 recommendations to encourage financial innovation within a regulated space, including endorsing the creation of a federal fintech charter.

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Senate Democrats send CFPB nominee list of follow-up questions

07/27/18

Kathy Kraninger, a senior official at the Office of Management and Budget, largely avoided answering direct questions at her nomination hearing.

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States still call the shots on subprime lending

07/24/18

The creation of the Consumer Financial Protection Bureau was widely expected to centralize regulation of payday and other high-cost loans in Washington. It hasn’t worked out that way.

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All heat, no light: Kraninger gives little sense of CFPB views

07/19/18

The nominee to run the consumer bureau endured tough questioning over the administration’s family-separation policy but appeared to weather the barrage.

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CFPB fines Alabama lender but suspends most of penalty

07/19/18

The bureau determined that Triton Management Group had unfairly charged Mississippi consumers excess interest in violation of state law.

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CFPB taps Arizona official to lead innovation office

07/18/18

Paul Watkins served as chief counsel for the Arizona AG's 150-person civil litigation division and also headed up the office's fintech initiatives.

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CFPB penalizes payday debt collector but reduces fine

07/13/18

The CFPB said National Credit Adjusters had hired third-party collectors that routinely inflated the amounts that customers owed.

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Why are payday loans so popular with the military?

07/11/18

A law designed to minimize the drawbacks of short-term loans and other alternative financial products may have helped legitimize them.

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