[ad_1] For the millions of Americans who struggle to afford an unforeseen expense, high interest payday and online loans can seem like acceptable options despite the inherent risk. But guidelines issued by federal regulators in the spring could bring a competitor to small dollar lending: banks. The guidelines omit aRead More →

[ad_1] The state’s Financial Institutions Division invited the public to weigh in on the implementation of a state payday loan database on Wednesday, with critics calling the proposed regulations “onerous” and supporters saying that they are the only way to protect vulnerable families from “predatory” lenders. The database tracks short-term,Read More →

[ad_1] The CFPB has published its highly anticipated final rule overriding the repayment capacity provisions in its Final Rule on Payday Loans/Auto Titles/High-Rate Installment Loans (Payday Days Rule). The final rule will be effective 90 days after it is posted on the Federal Register. The CFPB too issued a documentRead More →