Payday Lending

Consumer Financial Protection Bureau Aims to Lend Borrowers a Helping Hand

Consumer Financial Protection Bureau Aims to Lend Borrowers a Helping Hand

Agency proposes rule to stem cycle of loan payments generated by “payday” lending practices.

CFPB Considers New Payday Loan Requirements

CFPB Considers New Payday Loan Requirements

Consumer protection agency takes first steps to reform payday loan market.

CFPB Report Shows Payday Borrowers Stuck in “Revolving Door of Debt”

CFPB Report Shows Payday Borrowers Stuck in “Revolving Door of Debt”

Recent agency study reveals most consumers re-borrow within two weeks of their first payday loan.