Showing the Latest Payday Lending Results
Kraninger Should Resign After Furthering Predatory Lending in Middle of a Recession
Consumer watchdog group Allied Progress is calling on Trump CFPB Director Kathy Kraninger to resign after selling out millions of vulnerable Americans to predatory lenders as the economy continues to slip further into recession, especially in communities of color.
NYT Bombshell: Trump CFPB Manipulated Research in Rush to Undo Payday Protections
Allied Progress calls on the Bureau to halt its plans to finalize the payday rule until Congress can conduct an investigation into these allegations.
Members Of Congress Ask For Inclusion Of Payday Lenders In SBA Paycheck Protection Program
If these members of Congress think payday lenders deserve a taxpayer bailout, perhaps they should go all the way and make sure the loan comes with a 400% interest rate, too.
What Pandemic? Trump CFPB Director Kraninger Readies Rules Enriching Trump’s Payday Lending Donors
Not even a pandemic and looming recession can keep Director Kraninger from empowering predatory lenders to rip off vulnerable consumers.
Trump CFPB’s Expected Payday Rule Would Validate Predatory Lending At Worst Possible Time
Director Kraninger should permanently abandon her proposal to kill a key protection against predatory lending, the ability-to-repay standard.
Amid Coronavirus Crisis, CFPB and Fellow Trump Financial Regulators Open Door For Banks to Get Into Predatory Lending Game
The Trump administration should not view this crisis as an opportunity for wealthy special interests to cash in.
CFPB Director Kraninger Faces Congress One Year After She Unveiled Payday Protection Rollback
Kraninger’s semi-annual report would be incomplete and highly misleading if she neglects to mention that her decision to delay the ability-to-repay standard from taking effect last August has already cost consumers more than $3 billion and counting.
At HFSC Hearing, Conservative Members Defend Rent-a-Bank Schemes After Taking Tons of Rent-a-Bank Money
It’s clear that some Committee Members are more worried over keeping the predatory lender money spigot open than the potentially billions of dollars consumers would save every year with a national interest rate cap.
CFPBWatch.org Launched, Spotlights Trump Administration’s Anti-Consumer Agenda
New Effort from Allied Progress Documents Who Is ‘Weakening the Bureau From Within,’ Exposes Administration’s Corporate Conflicts of Interest
Allied Progress’ Year-in-Review: The Trump Administration Embraces the Shadiest Industries
For predatory lenders, pushy debt collectors, fly-by-night for-profit colleges, and greedy Wall Street banks, 2019 has been a banner year under the Trump administration.