Consumer Finance

Copy the URL for use in an RSS reader:

Research & Analysis

View All
  • New Federal Payday Lending Rule Offers Protections for Consumers

    In October, the Consumer Financial Protection Bureau (CFPB) finalized a regulation for conventional payday loans and auto title loans of up to 45 days. Research by The Pew Charitable Trusts has shown that such loans harm consumers because paying them off costs a third of the typical borrower’s next paycheck, leaving borrowers unable to cover basic expenses without reborrowing, which leads... Read More

  • Arbitration Rule Aims to Preserve Financial Consumers’ Access to Courts

    The Consumer Financial Protection Bureau (CFPB) finalized a rule in early July that will protect consumers’ rights to bring class-action lawsuits—in which plaintiffs band together to seek resolution through the civil justice system—against financial institutions. The rule prohibits banks from including in financial agreements mandatory predispute arbitration clauses with... Read More

  • A Year After CFPB Proposed a Rule for Small Loans, Borrowers Still Await Reform

    June 2 marked the one-year anniversary of the release of the Consumer Financial Protection Bureau’s official Notice of Proposed Rulemaking for Payday, Auto Title, and Certain High-Cost Installment Loans. The CFPB received more than 1 million comments on the proposal. Pew’s research indicates that federal regulation is important, but the proposal misses the mark by allowing 400 percent... Read More

Media Contact

Esther Berg

Officer, Communications

202.552.2283