by Zach Dawes Jr | Oct 9, 2017 | News
Baptist leaders praised the final version of a rule, released by the Consumer Financial Protection Bureau (CFPB) on Oct. 5, that seeks to end “debt traps” within the payday loan industry. Stephen K. Reeves, associate coordinator of partnerships and... by Zach Dawes Jr | Aug 1, 2016 | Opinion
Predatory lending practices within the U.S. payday loan industry are becoming more widely recognized as advocates, including many in the faith community, push for reforms. The Consumer Financial Protection Bureau (CFPB) has been analyzing the industry for several... by EthicsDaily.com Staff | May 19, 2016 | News
Auto title loan borrowers often find themselves in debt cycles, and many have their vehicles seized due to their inability to repay the loan, according to a Consumer Financial Protection Bureau (CFPB) report. “Auto title loans, also known as vehicle title loans,... by EthicsDaily.com Staff | Apr 21, 2016 | News
Bank penalty fees and closed accounts are common, hidden costs of online payday loans, according to a Consumer Financial Protection Bureau report. A consumer who receives an online payday loan provides their bank account information to the lending group, which submits... by EthicsDaily.com Staff | Mar 21, 2016 | News
Payday loans and predatory lending practices were a key focus of a House Financial Services Committee hearing last week. Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), offered a semi-annual report and answered committee members’...