Payday lending

Ohio poised to tighten rules on high-cost consumer lending

07/10/18

Republican lawmakers and consumer groups have reached an agreement on legislation designed to close a loophole in the state's interest rate cap.

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How to build a more equal bank

07/03/18

A decades-old Fed charter could help banks develop new cooperatives to combat economic inequality.

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Payday-loan mogul indicted for masterminding phantom debt scheme

07/02/18

Joel Tucker is the brother of Scott Tucker, who in January was sentenced to 16 years in prison for perpetrating an unrelated payday-loan scheme.

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Pressure mounts on FDIC, Fed to follow OCC’s small-dollar lead

07/02/18

The Office of the Comptroller of the Currency’s bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending.

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Two Native American tribes to pay $3 million in payday loan scam

06/27/18

Two Native American tribes agreed to forfeit $3 million in money they took in for acting as fronts for a scam run by Scott Tucker, the former race-car driver convicted of operating an illegal payday loan business.

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Payday lending in Calif. shrunk by almost 7% last year

06/22/18

The trend may be partially attributable to a strong economy. Growth in high-cost installment lending could also be a factor.

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‘Sandboxes make me nervous’: 10 questions for California bank commish

06/22/18

Jan Lynn Owen works at the epicenter of the digital revolution, but she is unambiguously cautious about the fintech industry.

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Postal banking, warts and all, is part of the payday conversation

06/21/18

New legislation to offer banking services at post offices comes with some flawed assumptions, but payday lending needs an overhaul.

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USAA vs. Wells, BofA's Erica, SARs relief: Top stories of the week

06/15/18

Wells Fargo on the receiving end of USAA's long-standing intellectual property threat; millions are mad about Erica, Bank of America's virtual assistant; relief may be in reach for bankers fed up with SARs; and more from this week's most-read stories.

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Will states fill the CFPB enforcement void?

06/15/18

The new chair of the Conference of State Bank Supervisors argues that state regulators will keep protecting consumers if the CFPB curtails oversight.

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