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Two payday-lending groups are suing the Consumer Financial Protection Bureau to stop implementation of an Obama-era rule they argue would devastate their business model. The Wall Street Journal reports that the Community Financial Services Associat.....»»

Today The Consumer Financial Protection Bureau said that it will propose changes in January to the underwriting provisions of the agency’s rules for payday lenders AKA predatory lenders as well as to when th.....»»

It's the first rollback o.....»»

The nation's federal financial watchdog said.....»»

​The agency is proposing to roll back a rule that would've required lenders to make sure borrowers could afford to repay their loans......»»

Advocates Across The Country Fight To Preserve Strong Consumer Protections On Predatory Payday And Car-Title Loans For the last 90 days, we have been fighting to retain the protections afforded by the 2017 payday rule which .....»»

The new director of the Consumer Financial Protection Bureau will continue with reviews, begun by her predecessor, of its public complaints database and how the agency enforces discriminatory lending laws, she told Reuters......»»

While the Consumer Financial Protection Bureau considers relaxing a pending rule that governs short-term lending arrangements, including auto-title loans, consumer advocates say they are little more than a debt trap......»»

Congress just moved a step closer to gutting an Obama-era safeguard against discriminatory auto lending......»»

The industry says a rule requiring lenders to verify that a borrower can pay back the money they receive is “draconian.”.....»»

The industry has criticized as "draconian" a rule requiring lenders to verify a borrower can pay back the money they receive......»»

The industry has called the rule requiring lenders to verify a borrower can pay back the money they receive “draconian.”.....»»

The industry has called the rule requiring lenders to verify a borrower can pay back the money they receive “draconian.”.....»»

The industry has criticized as "draconian" a rule requiring lenders to verify a borrower can pay back the money they receive......»»

Richard Drew/AP Images The Consumer Financial Protection Bureau wants to fine Wells Fargo for lending abuses. The fine could reach a record $1 billio.....»»

The U.S. consumer watchdog is seeking a record fine against Wells Fargo & Co for auto insurance and mortgage lending abuses that could exceed several hundred million dollars, according to three sources with knowledge of the plans......»»

The U.S. consumer watchdog is seeking a record fine against Wells Fargo & Co for auto insurance and mortgage lending abuses that could exceed several hundred million dollars, according to three sources with knowledge of the plans......»»

Tougher rules governing the payday lending industry, finalized during the final weeks of an Obama-era appointee who led the Consumer Financial Protection Bureau, will remain in place after Congress allowed a deadline to overrule them pass......»»

Consumer advocates for years have derided payday-lending loans for high interest rates. A similar type of product is being unveile.....»»

Just as Goldman Sachs is putting the breaks on what had been a rapidly expanding consumer lending business amid growing doubts about how its $4 billion portfolio might perform during a downturn, US Bank is gambling on the risk.....»»