Pew Offers Feedback on Proposed Federal Rule for Payday, Auto Title, and Other High-Cost Loans

Letter to Consumer Financial Protection Bureau highlights strategies to encourage safe, affordable small-dollar credit

Pew Offers Feedback on Proposed Federal Rule for High-Cost Loans

The Pew Charitable Trusts filed a letter with the Consumer Financial Protection Bureau on Oct. 7, 2016, to provide comments on its proposed small-dollar loan rule. Pew supports the bureau’s efforts to reform the market for payday and similar loans by giving borrowers more time to repay. However, the letter also notes that the proposal would leave consumers at risk because it would allow lenders to make harmful and unnecessarily costly loans and fails to provide clear, firm guidelines that would enable lower-cost providers, such as banks and credit unions, to enter the market. Pew urged the bureau to amend its proposal by capping loan payments at 5 percent of a borrower’s paycheck, which would reduce prices and improve affordability.

National Homeownership Month

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37 Researchers Working to Transform Biomedical Science

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Biomedical researchers are on the front lines of scientific innovation. From responding to global pandemics to pioneering lifesaving cancer treatments, these researchers push past scientific boundaries to solve pressing health challenges. For nearly 40 years, The Pew Charitable Trusts has supported more than 1,000 early-career biomedical scientists committed to this discovery.

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Learn the Basics of Broadband from Our Limited Series

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How does broadband internet reach our homes, phones, and tablets? What kind of infrastructure connects us all together? What are the major barriers to broadband access for American communities?

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What Is Antibiotic Resistance—and How Can We Fight It?

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Antibiotic-resistant bacteria, also known as “superbugs,” are a major threat to modern medicine. But how does resistance work, and what can we do to slow the spread? Read personal stories, expert accounts, and more for the answers to those questions in our four-week email series: Slowing Superbugs.