Lawmaker asks CFPB to probe 'rent now, pay later' as payday-like
A member of Congress has asked the Consumer Financial Protection Bureau to investigate the fast-growing "rent now, pay later" industry, warning that some products charge…
Section
National
Trump nominates Brian Johnson to lead the CFPB
President Trump on June 10, 2026, nominated Brian Johnson, a former No. 2 official at the Consumer Financial Protection Bureau, to serve as the agency's permanent director…
Federal Judge Rules Brigit's Cash Advances Are Payday Loans
A federal judge ruled on April 10, 2026 that cash-advance app Brigit's "Instant Cash" product is essentially a payday loan, allowing a lawsuit by active-duty…
CFPB Says Employer-Backed Earned Wage Access Is Not Credit
The Consumer Financial Protection Bureau said on December 23, 2025 that certain employer-partnered earned wage access (EWA) products are not "credit" under the Truth in…
FTC Halts "Accelerated Debt" Relief Operation
The Federal Trade Commission moved on July 21, 2025 to shut down a debt-relief operation marketed as "Accelerated Debt," alleging it deceived consumers — including…
CFPB Won't Prioritize Enforcing Payday Loan Payment Rule
The Consumer Financial Protection Bureau said it will not prioritize enforcing two key parts of its payday lending rule, easing pressure on short-term lenders.
Report: Car-Title Lenders Operating Illegally in 22 States
Car-title lenders are doing business in 22 states and the District of Columbia that prohibit the loans , according to a Center for Responsible Lending research brief released…
National
Study Takes a Look at Alternatives to Payday Advances
The Federal Deposit Insurance Corporation (FDIC) is now accepting bankers’ applications to participate in its Affordable and Responsible Consumer Credit pilot program, which will begin in January 2008.
National
Credit Unions Seek Payday Loan Customers
A growing number of the nation’s 9,000 credit unions are hoping to steer consumers strapped for cash away from costly faxless payday loans by offering less expensive alternatives.
National
Former Employees Criticize Payday Loan Lender
Former employees of a Cincinnati area payday advance lender have criticized the company’s business practices, saying they were pushed to solicit minority and low-income residents and get them to go deeper into debt through revolving loans.
National
Nonprofit Payday Loans: Do They Work?
APPLETON, Wis. — This city of 70,000 has five McDonald’s franchises, three Pizza Huts, four Starbucks shops — and 19 payday loan stores, brightly lighted storefronts with names like EZ Money and Check Into Cash that offer two-week loans…
National
Payday Loan Company Shares Hit All-Time Low
Shares of Spartanburg payday lender Advance America hit an all-time low Wednesday a day after a Pennsylvania court ruled the Spartanburg cash loan company violated that states consumer law.
National
Payday Loans Fuel Cash America Gains
Revenue growth for payday loans, including those extended over the Internet, helped Fort Worth-based Cash America International rack up a 19 percent increase in net income for the second quarter.
National
Christians: Payday Loans Can be Useful in an Emergency
ChristiaNet.com, the world’s largest Christian portal with twelve million monthly page loads, conducted a new poll by asking the question, “Are payday loans a temporary fix to a crisis?”
National
John Edwards: Down with Payday Advances!
Democratic presidential candidate John Edwards, on an eight-state swing to highlight poverty issues, on Tuesday called for a national law to crackdown on predatory cash advance payday loan lending.
National
Payday Loan Company Refutes National Report
A recent report issued by the National Consumer Law Center is absent what should be a critical element of any report: the facts.
National
Payday Advance Lenders Supported by Major Banks
Seven significant faxless payday loan chains are extensively bankrolled by brand name banks.