Limiting Interest Rates Without Limiting Access to Credit
Setting caps on interest rates can lead to unintended, negative consequences for borrowers.
Returning Morality to Small Dollar Lending
Scholar argues that policymakers should reexamine usury laws and introduce public banking to combat payday lending.
Consumer Financial Protection Bureau Aims to Lend Borrowers a Helping Hand
Agency proposes rule to stem cycle of loan payments generated by “payday” lending practices.
CFPB Considers New Payday Loan Requirements
Consumer protection agency takes first steps to reform payday loan market.
CFPB Report Shows Payday Borrowers Stuck in “Revolving Door of Debt”
Recent agency study reveals most consumers re-borrow within two weeks of their first payday loan.