/tags/payday-lending payday lending en-US Copyright Tue, 07 Jul 2020 20:17:20 GMT /news-partners/2020-07-07/cfpb-strips-some-consumer-protections-for-payday-loans Federal regulators issue a new rule that removes a key provision crafted during the Obama administration. Lenders no longer have to check that borrowers can repay a loan. Tue, 07 Jul 2020 20:17:20 GMT /news-partners/2020-07-07/cfpb-strips-some-consumer-protections-for-payday-loans Scott Horsley /news-partners/2019-11-07/a-ban-on-high-cost-loans-may-be-coming Some payday loans carry interest rates of 100% or more. The Military Lending Act limits rates on loans to service members. Now, a bipartisan bill aims to extend that protection to all Americans. Thu, 07 Nov 2019 10:01:00 GMT /news-partners/2019-11-07/a-ban-on-high-cost-loans-may-be-coming Chris Arnold /news/2019-10-21/changes-in-ohio-short-term-lending-law-create-new-loan-landscape What once was a booming payday lending industry in Ohio has shrunk dramatically since the Short-Term Lender Law took effect in April. Some companies have… Mon, 21 Oct 2019 09:00:00 GMT /news/2019-10-21/changes-in-ohio-short-term-lending-law-create-new-loan-landscape Debbie Holmes /news-partners/2019-08-27/trump-wants-to-limit-aid-for-low-income-americans-a-look-at-his-proposals Low-income Americans who use government safety net programs could be affected by a number of proposed rules and actions in areas such as housing, food aid, overtime and immigration. Tue, 27 Aug 2019 13:55:36 GMT /news-partners/2019-08-27/trump-wants-to-limit-aid-for-low-income-americans-a-look-at-his-proposals Pam Fessler /news-partners/2019-03-07/move-to-pull-consumer-protection-rule-heightens-debate-over-payday-lending One of Kathy Kraninger's first moves as CFPB chief was to move to rescind a rule that would put restrictions on payday lending. Now she'll face questions from the House Financial Services Committee. Thu, 07 Mar 2019 10:07:00 GMT /news-partners/2019-03-07/move-to-pull-consumer-protection-rule-heightens-debate-over-payday-lending Daniella Cheslow /news-partners/2019-02-06/consumer-protection-bureau-aims-to-roll-back-rule-for-payday-lending The rule would have protected borrowers from ballooning loans with giant interest rates. Now, the Consumer Financial Protection Bureau proposes ripping the rule's teeth out. Wed, 06 Feb 2019 19:23:17 GMT /news-partners/2019-02-06/consumer-protection-bureau-aims-to-roll-back-rule-for-payday-lending Daniella Cheslow /news/2018-12-26/payday-lending-scandal-and-reform-dominated-ohio-legislature-in-2018 Controversial bills involving abortion, gun rights and pay raises for elected officials passed by lawmakers during the lame duck session. Some might be… Wed, 26 Dec 2018 11:54:50 GMT /news/2018-12-26/payday-lending-scandal-and-reform-dominated-ohio-legislature-in-2018 Jo Ingles /news/2018-08-27/fbi-alleges-extortion-bribery-by-ex-house-speaker-cliff-rosenberger Former House Speaker Cliff Rosenberger and several payday lending lobbyists are named in a federal search warrant seeking evidence of potential bribery… Mon, 27 Aug 2018 15:23:19 GMT /news/2018-08-27/fbi-alleges-extortion-bribery-by-ex-house-speaker-cliff-rosenberger Gabe Rosenberg /news/2018-07-31/gov-kasich-signs-updated-payday-lending-restrictions Gov. John Kasich has signed into law a proposal cracking down on Ohio's short-term lending industry.The bill approved by the Republican governor on Monday… Tue, 31 Jul 2018 12:12:14 GMT /news/2018-07-31/gov-kasich-signs-updated-payday-lending-restrictions Nick Houser /news/2018-07-24/ohio-house-approves-payday-lending-crackdown-sends-bill-to-kasich The Ohio House on Tuesday agreed with the Senate’s changes to a payday lending overhaul, sending the final bill to the governor’s office. Legislators… Tue, 24 Jul 2018 20:01:44 GMT /news/2018-07-24/ohio-house-approves-payday-lending-crackdown-sends-bill-to-kasich Andy Chow