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CFPB Hounds eBay For Payday Loan Service

The CFPB is investigating eBay’s Bill Me Later service for allegedly violating short-term loan regulations by effectively offering financing that is little more than payday...

The CFPB is investigating eBay’s Bill Me Later service...

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Tribal-Owned Western Sky Ceases Lending Payday Loans

Western Sky, a tribal owned payday loan company, has announced it will be ceasing operations. The company rose to prominence as being one of the...

Western Sky, a tribal owned payday loan company, has announc...

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Report Shows Millennials Turn to Payday Loans

A new report from Think Finance has found that Millennials are turning to payday loans amidst the ongoing but struggling economic recovery. Interestingly, many of...

A new report from Think Finance has found that Millennials a...

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Credit Union CEO Defends Payday Loans

The CEO of Louisiana Federal Credit Union recently defended her credit union’s lending of payday loans. Her defense of the credit union’s cash advance products...

The CEO of Louisiana Federal Credit Union recently defended ...

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UK Report Paints New Picture of Payday Loan Borrowers

A recent report argues that payday loan borrowers in the UK are tech-savvy and financially literate, countering reports that paint borrowers as vulnerable. The “Credit...

A recent report argues that payday loan borrowers in the UK ...

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NC Attorney General Protects Marines from Payday Loans

The North Carolina Attorney General is taking up arms to protect Marines and members of the military from predatory payday loan lenders. On May 15,...

The North Carolina Attorney General is taking up arms to pro...

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RI Becomes the Next Payday Loan Battleground State

Rhode Island may be the next state to dramatically lower their payday loan interest rate cap, depending on how the General Assembly votes on a...

Rhode Island may be the next state to dramatically lower the...

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Report Shows Payday Lending Damages Economy

A new report has stated that payday loans damage the nation’s economy. Worse still, they purportedly cost the economy nearly $1 billion in 2011. The...

A new report has stated that payday loans damage the nation...

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Irresponsible Payday Loan Ad Banned in UK

The British Advertising Standards Authority has banned a payday loan advertisement for suggesting that short-term, high interest loans can be used to fund a celebrity...

The British Advertising Standards Authority has banned a pay...

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Bay Area Cities Crack Down on Payday Loans

Bay Area lawmakers are working to regulate payday lending in their counties following the failure of reform legislation in the state senate. Berkeley city Councilman...

Bay Area lawmakers are working to regulate payday lending in...

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Payday Lenders Find Loophole with Tribal Loans

Payday lenders have found a new way to circumvent state usury laws. By partnering with Native American tribes and operating under their sovereign status, payday...

Payday lenders have found a new way to circumvent state usur...

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CFPB Finds Payday Loans Disrupt Financial Lives

The Consumer Financial Protection Bureau (CFPB) issued a report stating that payday loans and deposit advance loans lead customers into a cycle of debt. The...

The Consumer Financial Protection Bureau (CFPB) issued a rep...

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Regulators to Curb Big Bank Payday Lending

Federal regulators are preparing to crack down on short-term, high-interest loans, according to recent reports from the New York Times and the Washington Post. Storefront...

Federal regulators are preparing to crack down on short-term...

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California Payday Reform Bill Shot Down in Initial Vote

California politicians voted down a bill that would have increased regulation on payday lending during a Wednesday meeting of the Senate’s banking committee. The bill,...

California politicians voted down a bill that would have inc...

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Fate of Payday Loans in California to be Decided This Week

California lawmakers will meet this week to discuss legislation to restrict and further regulate payday lending practices. Senate Bill 515 aims to limit the number...

California lawmakers will meet this week to discuss legislat...

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Alabama Legislation Seeks to Cap Payday Lending

Two legislative bills seek to set interest rate caps on payday and titles loans in Alabama: House Bill 320, which seeks to limit payday loans,...

Two legislative bills seek to set interest rate caps on payd...

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