Halifax Payday lenders throughout out North America are both under attack and organizing fiercely to resist effective regulation. In the United States, Republican lawmakers nationally and in some states are being mobilized by payday lenders to pushback against the Consumer Financial Protection Bureau (CFPB) efforts to rollout regulations establishing minimum standards for payday lending. What …
Tag: Consumer Financial Protection Bureau
Payday Lending Regs, Good; Not Going Far Enough, Bad!
New Orleans I was sitting next to an organizer from British Columbia while reading the reports on the new set of regulations being proposed by the Consumer Financial Protection Bureau on payday lending. We have fought payday lenders in Canada for over a decade and we’re batting over .500, but a long way from a …
Medical Debt Collectors are Killing Credit for 43 Million!
Little Rock So the new IRS and Treasury rules are going to require that nonprofit hospitals, and hopefully for profits soon as well, stop a darned minute before they go to the debt collectors, mess up everyone’s credit, sue them, try to take their houses, and first born children if the law allowed. That’s a …