Showing the Latest Payday Lending Results
Predatory Lenders Profiting Off Struggling Families During Recession, A Reminder Why CFPB Shouldn’t Gut Payday Protections
While over 20 million Americans have lost their jobs amid a worsening recession, the payday loan industry appears to be thriving as it skirts state usury protections to target vulnerable families online with triple-digit interest rates.
Payday Industry’s ‘Fake’ CFPB Comments Criticized at Congressional Hearing, Adds Pressure on Kathy Kraninger to Restore Integrity to Tainted Payday Rulemaking Process
Allied Progress’ public comment to the CFPB details thousands of suspiciously identical pro-payday ‘personal’ stories submitted.
Tainted Process: CFPB Flooded with Thousands of Suspicious, Copycat Pro-Payday Loan Comments Backing Trump’s Proposal to Kill Protections From Predatory Industry Practices
Allied Progress examined public comments submitted concerning the Trump-CFPB’s effort to kill a key protection against the payday loan debt trap and found that more than 7,000 pro-payday comments used suspiciously duplicative language, amounting to over 27 percent of the total comments.
Payday Industry Put Under Microscope at Congressional Hearing and Yep … They’re Still Terrible
It is clear: consumer protections from the payday loan industry are needed now more than ever before.
Allied Progress Presents Its Final Nominees for The Payday Lenders Hall of Shame
Spoiler Alert: each and every nominee from the predatory lending industry are winners under the Trump administration’s plan to tear up the ability-to-repay standard.
Mobile Billboard Shames ‘Trump’s Predatory Payday Party’ Outside Payday Lender Conference at Trump Doral Resort
Allied Progress Mobile Billboard Shames ‘Trump’s Predatory Payday Party’ Outside Payday Lender Conference at Trump Doral Resort
More Schemers, Cheats, and Grifters Inducted into Allied Progress’ Payday Lender Hall of Shame
This week’s installment of nominees are an especially shady bunch.
ICYMI: Top payday industry lawyer calls Trump-CFPB payday protection rollback plan “three-run homer”
We just wish CFPB Director Kathy Kraninger would also dispense with the charade that her payday protection rollback plan is benefitting anyone other than Trump’s payday industry donor friends. They aren’t fooling anyone.”
Allied Progress Goes Old School With Its Fourth Installment of The Payday Lender Hall of Shame
This week’s nominees have been preying on vulnerable people for decades. Let’s meet them, shall we?
Allied Progress Presents Its Third Set of Nominees for the Payday Lender Hall of Shame
The Trump-Kraninger CFPB Wants to Help These High-Flying Payday Lender Executives Get Even Richer at Expense of Vulnerable Consumers