Congress Repeals Trump-era Payday Lender Regulations
Congress on Thursday overturned a set of regulations enacted in the final days of the Trump administration that effectively allowed payday lenders to avoid state laws capping interest rates.
Feds Encourage Banks to Compete with Payday Lenders
With millions of U.S. consumers borrowing nearly $90 billion every year from payday lenders, U.S. Comptroller of the Currency Joseph Otting is encouraging traditional financial institutions to offer responsible short-term, small-dollar installment loans.
What I’ve been reading this week…
The New York Times has had some interesting stuff...
