Predatory Lending news and trends

Real Time Payments Help Underbanked Consumers Find Financial Relief
Faster Payments // July 07, 2021

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

‘Rent-a-Bank’ Lending Practices Trigger Calls For Regulation
Loans // March 11, 2020

Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the Wall Street Journal (WSJ) reported on Wednesday (March 11). Get the Full Story Complete the form to unlock this article...

CFPB Relaxes Supervision Of Military Lenders
CFPB // August 13, 2018

In a move that has surprised military families, the Consumer Financial Protection Bureau (CFPB) is planning to suspend routine examinations of lenders for violations of the Military Lending Act, which was designed to protect military service members and their families from financial fraud, predatory loans...

Mulvaney Ousts 25-Member CFPB Advisory Board
CFPB // June 07, 2018

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, has ousted the 25 members of the agency’s Consumer Advisory Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Interviews & Exclusives
Real Time Payments Help Underbanked Consumers Find Financial Relief

July 07, 2021
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if […]

Quick Reads
‘Rent-a-Bank’ Lending Practices Trigger Calls For Regulation

March 11, 2020
Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the Wall Street Journal (WSJ) reported on Wednesday (March 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — […]

CFPB Relaxes Supervision Of Military Lenders

August 13, 2018
In a move that has surprised military families, the Consumer Financial Protection Bureau (CFPB) is planning to suspend routine examinations of lenders for violations of the Military Lending Act, which...

Mulvaney Ousts 25-Member CFPB Advisory Board

June 07, 2018
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, has ousted the 25 members of the agency’s Consumer Advisory Board. Get the Full Story Complete the form to unlock this...

Virginia Sues Online Lender Over Consumer Loans

May 04, 2018
Virginia is suing one of the largest online lenders in the U.S. after reportedly charging Virginians millions in interest and fees. In a lawsuit, the state alleges that NetCredit lent more than $47...