25 attorneys general oppose CFPB's payday rule revamp


The AGs say the agency's plan to rescind ability-to-repay requirements for payday loans would undermine states' ability to enforce their own laws.


Democrats grill CFPB official on payday rewrite


The official told lawmakers Thursday that the research underlying the bureau's 2017 payday rule proposal did not support strict underwriting requirements of small-dollar loans.


Appeals court rules against online tribal lender


A panel of federal judges determined that Think Finance and an online tribal payday lender must comply with state interest rate and licensing laws.


Why CFPB payday revamp is an even bigger deal than you think


The proposed rollback of underwriting requirements for small-dollar lenders could redefine a legal doctrine that governs rules affecting other companies as well.


CFPB takes big step toward unwinding payday lending rule


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.


CFPB fines payday lender Cash Tyme for overcharging customers


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


One study, two vastly different visions for CFPB payday rules


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.


CFPB to scrap key underwriting portion of payday rule


The agency is expected soon to propose a revamp of the 2017 regulation that would eliminate the ability-to-repay provisions, which small-dollar lenders saw as a direct threat to their business.


USAA mishandled payday disputes, opened unauthorized accounts: CFPB


The bank will pay over $15 million in restitution and fines to settle claims that it neglected stop-payment requests and reopened deposit accounts without customers' consent.


CFPB fines mortgage lender over claims it deceived veterans


The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.