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  • How OCC Can Help Banks Disrupt the Payday Loan Industry

    President Trump has recently named an acting comptroller of the currency, the head of the federal agency regulating large banks. As the American Banker noted, some big questions await the agency. While much is at stake for our country’s banks, a lot is on the line for individuals and their families as well. One important opportunity that the next Office of the Comptroller of the Currency... Read More

  • Pew Identifies 4 Risks in Shift to Payday Installment Lending

    WASHINGTON—The shift toward installment credit in the payday and auto title lending markets is creating new risks, but a draft rule proposed in June by the Consumer Financial Protection Bureau (CFPB) would not adequately protect borrowers because it does not keep pace with changes in the industry, according to an issue brief released today by The Pew Charitable Trusts. Read More

  • Pew: CFPB’s Proposed Payday Loan Rule Misses Historic Opportunity

    Washington—The Pew Charitable Trusts warned today that the Consumer Financial Protection Bureau’s proposed rule on payday and auto title lending lacks clear product safety standards, makes it too easy for payday lenders to continue making harmful loans, and fails to encourage banks and credit unions to enter the market and make lower-cost loans. Read More

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Esther Berg

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