payday lending

Nov 11, 2020
Nebraskans vote to cap interest rates on payday loans
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Voters overwhelmingly approved limiting annual interest on small-dollar loans to 36%.
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Feb 7, 2019
CFPB seeks to rollback rule restricting payday lenders
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The Trump administration is handing payday lenders a potential victory.
Apr 11, 2018
CFPB head Mulvaney grilled on Capitol Hill
Across the hallway from Mark Zuckerberg’s second round on Capitol Hill today there was another hearing taking place. This one was not quite so well-attended. Mick Mulvaney was there to be questioned on his role as acting director of the Consumer Financial Protection Bureau. Democrats have been worried that Mulvaney is a little overly-friendly to […]
Jan 18, 2018
CFPB will take another look at the payday lending rules
Last year, the Obama administration enacted new rules regarding payday lending. They haven’t yet come into effect. Now, the Consumer Financial Protection Board says it will reconsider the tighter regulation that would have required payday lenders to make sure the people they lend to can actually repay their loans. The rule was bitterly opposed by […]