Payday & Title Lending

I have a new draft article up on SSRN. It's called The Financial Inclusion Trilemma. The abstract is below. 

On this Tuesday, the Supreme Court refused to lift a ban on evictions for tenants that the Centers for Disease Control and Prevention recently extended through the end of July. The eviction moratoria is one of a handful of debt pauses put in place by the federal government during the COVID-19 pandemic that are set to expire soon. The student loan moratorium ends on September 30.

Short term (payday) loans and high interest consumer installment loans
continue to deplete low income households of micro dollars and their
communities of macro dollars. Although the CFPB seems intent on supporting
the depletions, a good number of states have provided some relief. 
Even in states without interest rate limitations
there are a couple of ideas that can help.

Chris Peterson and Nathalie Martin have provided legal support

There's bi-partisan legislation pending that would prohibit the practice of installment lenders sending out unsolicited live convenience check loan:  you get an unsolicited check in the mail.  If you cash it, you've entered into a loan agreement.  

Normally we say that a law is as strong as its enforcement. On February 7, however, the Consumer Financial Protection Bureau raised questions about the enduring strength of the consumer financial laws in its third Request for Information under Acting Director Mick Mulvaney.