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News Headlines - predatory lending

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American Banker

'Predatory lending is here to stay': Comments of the week
American Banker
Readers react to the Senate regulatory relief bill, weigh in on the Consumer Financial Protection Bureau's innovation initiative, chime in on whether banks need to provide more value in a digital age and more. next. print. Comment. Start the ...


Springfield Groups Demonstrating for Predatory Lending Reform
SPRINGFIELD, Mo.--Members of Faith Voices and the NAACP in Springfield are coming together to demand predatory lending reform. Right now there is no cap on the annual percentage rate on short term loans. Members of the community met at University ...

and more »

Payday lending isn't necessarily predatory lending, but it can be necessary for the working poor
Yellowhammer News
On my radio program last week, a regular contributor mentioned that a bill to eliminate payday lending had passed the Alabama Senate, and I was surprised. Having dealt with the issue back when I was in office, I think payday lending gets a bum rap out ...

and more »


Gov. Says Schools Could Use Retired Officers, NM Proposes New Rules To Rein In Predatory Lending
New Mexico officials who oversee the storefront loan industry have published proposed rules designed to bolster consumer protections and discourage predatory lending. Consumer groups announced Wednesday that the New Mexico Financial Institutions ...

and more »

Payday lenders continue attack on consumer protections
Florida Courier
The same deception that hides the real cost of predatory, consumer loans is reflected in the title of pending legislation in both the House of Representatives and in the Senate. The Protecting Consumers' Access to Credit Act of 2017 (H.R. 3299 and S ...

South Florida Caribbean News

US House Passes Bill Supporting Triple-Digit Predatory Lending
South Florida Caribbean News
WASHINGTON, DC – The U.S. House of Representatives broke the hearts of a broad and diverse coalition of advocates after Members of Congress passed predatory lending legislation on February 14. A bill passed the lower chamber that would render useless ...

Springfield News-Leader

Real payday loan reform
Springfield News-Leader
What most don't realize is that there are actually four types of short-term loans available — consumer, installment, title and payday loans. Only payday loans have limited renewals and a cap on the interest and fees. The bill that I would propose ...

and more »


End Predatory Lending Aimed at Veterans
Recent news reports examining predatory lending practices targeting American veterans are failing to account for the efforts of how many respectable lenders are working to help an underserved veteran community access the benefits they have been ...

Payday Lender Invited Back As Banks' Predatory Partner by OCC's Otting, OneWest Echo
Inner City Press
NEW YORK, March 24 – Collusion between payday lenders and national banks has been invited by US Comptroller of the Currency Joseph Otting, under whose watch OneWest Bank generated fake public comments urging approval of its merger with CIT. Otting has ...

Watertown Public Opinion

Payday loans gone, but need for quick cash remains
Watertown Public Opinion
Records from the South Dakota Division of Banking show that by January 2017, just six weeks after the vote, 111 of the state's 441 licensed lenders of all types did not renew their annual licenses. Of those, 110 were short-term lenders affected by IM ...

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