Showing the Latest Payday Rule 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.
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.
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.
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.
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.
Payday Industry Lobbyist’s Close Relationship with Mulvaney Raises Questions of Improper Influence in CFPB’s Payday Rulemaking
CFPB Director Kathy Kraninger is called upon to publicly divulge the full extent of the influence Al Simpson, a top payday industry lobbyist and former chief-of-staff to then-Congressman Mick Mulvaney, has had over the Bureau’s payday rulemaking process.
Trump/Kraninger’s Payback to Payday Lender Donors
New Consumer Financial Protection Bureau (CFPB) Proposal Leaves Consumers Vulnerable To The Debt Trap.
Debt Trap Revival: Trump/Mulvaney CFPB Announces Plan to Gut Payday Loan Borrower Protections
Donald Trump and CFPB Acting Director Mick Mulvaney are attempting to sabotage the Payday Rule by eliminating the Ability-To-Repay standard. Ironically enough, the two of them combined have taken nearly $2 million from payday lenders.
Mulvaney Wants To Gut Payday Loan Protections, But CFPB Staff Don’t Want To “Harm People”
Payday lenders showered him with campaign cash. Now Mulvane wants to gut a CFPB rule protecting borrowers from the payday debt trap.