Lender Seeks Revisions to State’s Payday Lending Rules

A Washington state law that restricts payday loan marketing to poor families has caused the state’s payday lenders to lose three-quarters of their business in the five years since it was enacted, according to published reports. Collection & Credit Risk

By |2015-03-04T19:02:00-06:00March 4th, 2015|FDCPA|Comments Off on Lender Seeks Revisions to State’s Payday Lending Rules

CFPB Seeks Payday Lending Limits

The Consumer Financial Protection Bureau soon will release its first draft of regulations aimed at governing a wide range of short-term loans - including credit backed by car titles, some installment loans and often-criticized payday loan. Collection & Credit Risk

By |2017-05-20T11:45:12-05:00February 10th, 2015|FDCPA|Comments Off on CFPB Seeks Payday Lending Limits

Kentucky Lawmaker Proposes Payday Loan Limits

Kentucky State Sen. Reggie Thomas, D-Lexington, pre-filed a bill with the Kentucky General Assembly to cap the amount of interest charged by payday loan lenders. Collection & Credit Risk

By |2014-09-25T10:42:38-05:00September 25th, 2014|FCRA|Comments Off on Kentucky Lawmaker Proposes Payday Loan Limits

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