The payday lending arena could get help from the Consumer Financial Protection Bureau (CFPB), with acting director Mick Mulvaney saying the CFPB will “reconsider” rules...
The Consumer Financial Protection Bureau and payday loans have had a wild ride over the last 24 months. After a contentious rulemaking process, an even more contentious first...
Kansas City businessman Scott Tucker was found guilty on racketeering charges for interest rates of as much as 700 percent on short-term loans. According to...
By now, the sobering statistics are familiar: Nearly half of American adults say they could not cover an unexpected expense of $400, according to the...
The new rules are coming for payday lenders, and opponents of those rules are readying themselves for what will likely be a fairly dizzying battle...
The Consumer Financial Protection Bureau is gearing up to scale back its rule on payday lending, giving the industry a potential break from oversight. According...
One U.S. lawmaker has begun to inquire about SMB alternative lending practices, according to JD Supra news reports. Rep. Emanuel Cleaver II (D-Mo.) has reportedly sent letters...
Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and...