Payday lending

BB&T-SunTrust branch sale, GSE overhaul, CFPB's payday rule: Top stories of the week

09/06/19

Next up for BB&T-SunTrust: deciding where to unload branches; how the Trump administration would reform Fannie Mae, Freddie Mac; why the CFPB's payday rule is in the hands of a Texas judge; and more from this week's most-read stories.

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Why the CFPB’s payday rule is in the hands of a Texas judge

09/03/19

Consumer Financial Protection Bureau Directors Kathy Kraninger is under pressure to ask a federal judge to lift a stay that has kept the agency's short-term-lending rule from going into effect.

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Payday loans for employees; Deutsche Bank CEO pledges big stock buy

09/03/19

A growing number of companies, led by Walmart, are offering payroll advance loans to their workers; Christian Sewing said he will invest 15% of his net earnings in the German bank’s struggling shares.

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Let’s put some perspective around the small-dollar loan debate

08/30/19

The debate over the CFPB's plan to revamp its payday lending regulation should focus on the benefits for borrowers.

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'You don’t have to like the GSEs': Comments of the week

08/29/19

Readers react to jilted GSE legacy shareholders and a proposal making it harder to cite disparate impact, criticize Democrats asking the CFPB to stop its payday rule revamp and more.

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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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