-
The Supreme Court will decide the constitutionality of the Consumer Finance Protection Bureau’s funding structure. Many observers worry about catastrophic consequences.
-
Payday and auto title loans have cost Texas 2,000 permanent jobs and taken $1.6 billion a year from mostly low-income people who would have otherwise spent the money on goods and services.
-
Ten years ago, Dallas passed the first city ordinance in Texas regulating payday and auto-title loans. It was the result of a broad, city-wide anti-poverty coalition, fueled in no small part by Black faith leaders and church members.
-
Lenders that charge borrowers annualized rates up to 600% took advantage of taxpayer-funded loans at 1% or 3% through federal pandemic relief programs.
-
Dallas City Council members approved an update to its decade-old rules for small-dollar lenders on Wednesday.
-
Some faith leaders say it’s time to update the city’s rules to protect consumers from new loan products they call predatory.
-
The Capital Good Fund offers an alternative to payday and auto title loans, and other credit services that come with high costs and a lot of risks for borrowers.
-
From Texas Standard : New rules from the U.S. Consumer Financial Protection Bureau regulating payday lenders were supposed to take effect on Aug. 19....
-
The rule would have protected borrowers from ballooning loans with giant interest rates. Now, the Consumer Financial Protection Bureau proposes ripping the rule's teeth out.
-
When lower-income working Americans have an unexpected expense, many turn to high-cost loans and get in financial trouble. More employers are giving them a much cheaper way to get emergency cash.
-
Regulations proposed by the Consumer Financial Protection Bureau would require lenders to determine whether customers can repay within 30 days before issuing a loan.
-
From Texas Standard: Texas leads the nation in payday lending and car title loan businesses with more than 3,000 storefronts across the state. Payday...