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Research & Analysis

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  • The CFPB’s Proposed Payday Loan Regulations Would Leave Consumers Vulnerable

    Proposed regulations from the Consumer Financial Protection Bureau (CFPB) would protect consumers from conventional, lump-sum payday loans, which Pew’s research has shown usually have unaffordable payments that trigger reborrowing. The pending rule strongly encourages payday and auto title lenders to give borrowers more time to repay loans in smaller installments, rather than large lump-sum... Read More

  • How the CFPB Proposal Would Regulate Payday and Other Small Loans

    In June, the Consumer Financial Protection Bureau (CFPB) released a proposed rule to regulate payday, auto title, and some high-cost installment loans. The proposal applies to “covered loans” from any lender, including payday, auto title, online, and nonbank installment lenders as well as banks and credit unions, but not to overdraft services, pawn loans, business loans, and other... Read More

  • Pew Endorses Proposed CFPB Rule on Pre-Dispute Arbitration

    On Aug. 18, The Pew Charitable Trusts sent a letter to the Consumer Financial Protection Bureau (CFPB) in support of the bureau’s proposed rule on pre-dispute arbitration. The draft regulation would prohibit the use of pre-dispute arbitration clauses in financial agreements as a means to avoid class action lawsuits and would allow the CFPB to collect data on arbitration proceedings. Read More

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Mark Wolff

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