New York Payday Lending - Action Alert!
New Economy Project's Liz Fusco discusses the CFPB's new payday lending rule.
How to Stop an Automatic Draft by a Payday Lender (or anyone else)
Many lenders like to draft payments directly from your checking account. But if you don't want them to, they can't. Even if you once provided authorization to draft ...
A bipartisan group of House members on Friday introduced a resolution to nullify the CFPB’s payday lending rules. The rules, issued in October, but only published on Nov. 17, would crack down on an industry that critics contend charge exorbitant interest rates and fees—trapping borrowers into a spiral of debt.
The short answer is, “No.” A few clients have told me that they’ve received phone calls from a collection agency, threatening jail time for not repaying payday loans.
It’s clearly a whole new world at the Consumer Financial Protection Bureau with Mick Mulvaney in charge. On Wednesday, the CFPB announced that it is issuing a “call for evidence to ensure the ...
Senate Republicans on Tuesday killed a new rule that would have made it easier for Americans to file class-action lawsuits against big Wall Street banks.
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