Small-dollar lending

Student loan disclosures top new CBA chair’s Hill agenda

09/18/19

Nitin Mhatre of Webster Financial explains why the Consumer Bankers Association — whose members want a bigger piece of the student lending market — backs legislation that would make the federal government tell borrowers how much they will ultimately owe, as private lenders are already required to do.

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Calif. Senate approves interest rate cap for installment loans

09/13/19

The vote Friday was a victory for consumer advocacy groups that have been pushing for years to rein in lenders that charge triple-digit rates.

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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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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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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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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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Consumer lender Oportun lays groundwork for IPO

07/18/19

In a registration statement filed with the SEC, the company revealed new details about its financial performance and its growth plans.

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California on verge of capping rates on installment loans

06/27/19

The legislation, which passed a key test in the state Senate on Wednesday, is the product of a compromise between consumer advocates and some lenders.

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