Payday Loans /tags/payday-loans Payday Loans en-US Copyright Tue, 03 Oct 2023 10:00:00 GMT Payday lenders' Texas lawsuit could topple watchdog that regulates them /news/2023-10-03/a-lawsuit-launched-by-payday-lenders-in-texas-could-topple-the-nations-premier-consumer-watchdog The Supreme Court will decide the constitutionality of the Consumer Finance Protection Bureau’s funding structure. Many observers worry about catastrophic consequences. Tue, 03 Oct 2023 10:00:00 GMT /news/2023-10-03/a-lawsuit-launched-by-payday-lenders-in-texas-could-topple-the-nations-premier-consumer-watchdog Christopher Connelly Study: Payday and auto title loans have drained $16 billion from the Texas economy since 2012 /business-economy/2022-12-15/study-payday-and-auto-title-loans-have-drained-1-6-billion-from-the-texas-economy-since-2012 Payday and auto title loans have cost Texas 2,000 permanent jobs and taken $1.6 billion a year from mostly low-income people who would have otherwise spent the money on goods and services. Thu, 15 Dec 2022 19:06:39 GMT /business-economy/2022-12-15/study-payday-and-auto-title-loans-have-drained-1-6-billion-from-the-texas-economy-since-2012 Christopher Connelly How Black Churches Helped Dallas Rein In Payday Lenders /news/2021-03-29/how-black-churches-helped-dallas-rein-in-payday-lenders Ten years ago, Dallas passed the first city ordinance in Texas regulating payday and auto-title loans. It was the result of a broad, city-wide anti-poverty coalition, fueled in no small part by Black faith leaders and church members. Mon, 29 Mar 2021 20:41:22 GMT /news/2021-03-29/how-black-churches-helped-dallas-rein-in-payday-lenders Christopher Connelly Report: Texas Payday & Auto-Title Lenders Got Over $45 Million In Federal Pandemic Aid /business-economy/2021-02-02/report-texas-payday-and-auto-title-lenders-got-over-45-million-in-federal-pandemic-aid Lenders that charge borrowers annualized rates up to 600% took advantage of taxpayer-funded loans at 1% or 3% through federal pandemic relief programs. Tue, 02 Feb 2021 21:50:56 GMT /business-economy/2021-02-02/report-texas-payday-and-auto-title-lenders-got-over-45-million-in-federal-pandemic-aid Christopher Connelly Dallas Expands Payday Loan Regulations To Close 'Loophole' /business-economy/2021-01-28/dallas-expands-payday-loan-regulations-to-close-loophole Dallas City Council members approved an update to its decade-old rules for small-dollar lenders on Wednesday. Thu, 28 Jan 2021 13:00:55 GMT /business-economy/2021-01-28/dallas-expands-payday-loan-regulations-to-close-loophole Christopher Connelly Dallas Faith Leaders Push City To Update 'Predatory' Lending Rules /texas-news/2020-12-03/dallas-faith-leaders-push-city-to-update-predatory-lending-rules Some faith leaders say it’s time to update the city’s rules to protect consumers from new loan products they call predatory. Fri, 04 Dec 2020 02:00:33 GMT /texas-news/2020-12-03/dallas-faith-leaders-push-city-to-update-predatory-lending-rules Christopher Connelly New Nonprofit Fund Offers Alternatives To 'Predatory Loan' Industry In Texas /business-economy/2020-12-02/new-nonprofit-fund-offers-alternatives-to-predatory-loan-industry-in-texas The Capital Good Fund offers an alternative to payday and auto title loans, and other credit services that come with high costs and a lot of risks for borrowers. Wed, 02 Dec 2020 13:00:46 GMT /business-economy/2020-12-02/new-nonprofit-fund-offers-alternatives-to-predatory-loan-industry-in-texas Christopher Connelly Fort Worth Considers Rules Governing Payday Lending /2019-08-30/fort-worth-considers-rules-governing-payday-lending From Texas Standard : New rules from the U.S. Consumer Financial Protection Bureau regulating payday lenders were supposed to take effect on Aug. 19.... Fri, 30 Aug 2019 18:52:41 GMT /2019-08-30/fort-worth-considers-rules-governing-payday-lending Alexandra Hart Consumer Protection Bureau Aims To Roll Back Rule For Payday Lending /2019-02-06/consumer-protection-bureau-aims-to-roll-back-rule-for-payday-lending The rule would have protected borrowers from ballooning loans with giant interest rates. Now, the Consumer Financial Protection Bureau proposes ripping the rule's teeth out. Wed, 06 Feb 2019 19:23:17 GMT /2019-02-06/consumer-protection-bureau-aims-to-roll-back-rule-for-payday-lending Daniella Cheslow Walmart And Others Offer Workers Payday Loan Alternative /2018-08-16/walmart-and-others-offer-workers-payday-loan-alternative When lower-income working Americans have an unexpected expense, many turn to high-cost loans and get in financial trouble. More employers are giving them a much cheaper way to get emergency cash. Thu, 16 Aug 2018 21:59:00 GMT /2018-08-16/walmart-and-others-offer-workers-payday-loan-alternative Chris Arnold