News Topic: Payday lending

The House Financial Services Committee chair said in an open letter that she wants to empower bureau staff amid reports of low morale. ... Read full article

The agency recently proposed gutting the ability-to-pay standard in its small-dollar loan rule, a move that would benefit the payday loan industry and harm consumers. ... Read full article

The agency has required restitution in just one of six settlements under its new director, raising questions about whether the pattern will continue. ... Read full article

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

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. ... Read full article

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

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. ... Read full article

The Consumer Financial Protection Bureau won't require payday lenders to assess borrowers’ ability to repay. American Banker reporter Kate Berry explains why. ... Read full article

The consumer bureau says the online lender improperly extracted millions from over 5,000 accounts without getting authorization. ... Read full article

A man entered a SunTrust branch in Sebring, Fla., and shot and killed five women, four of whom were bank employees; 24 million mortgage documents exposed in data security lapse; the battle for deposits is like 'a steel-cage' match; and more from ... Read full article

Readers weigh in on the Consumer Financial Protection Bureau's payday rule, consider the gender wage gap in banking, debate restrictions to membership at the Federal Home Loan banks and more. ... Read full article

When a Columbia University professor surveyed 1,000 payday loan customers, little did he know that the resulting research report would become a lightning rod in the drafting of rules for small-dollar lenders. ... Read full article