Short Term Lending news and trends

More Regulatory Trouble Could Be Heading Short-Term Lenders’ Way
Alternative Finances // November 19, 2019

Keeping track of the legal status of short-term lending in the U.S. – which encompasses financial products such as payday loans, pawn loans and title loans – has become something of a game of “follow the bouncing ball” over the last few years. At the state...

Sen. Warren Presses Mnuchin On Recent Issues In Repo Markets
Regulation // October 22, 2019

Recent short-term, or repo, lending issues have Sen. Elizabeth Warren worried that banks could potentially use the problems to justify easing regulations on the banking industry as a whole. CNBC is reporting that Warren wrote a letter to Treasury Secretary Steven Mnuchin about the mid-September...

State Regulators Investigate Payday Advances
Alternative Finances // August 08, 2019

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances.  On Tuesday (August 6), Financial Services Superintendent Linda Lacewell...

Pew Pushes Installment Loans As Regulated Payday Alternative
Alternative Finances // October 17, 2018

Short-term lending – specifically, payday loans – have attracted a lot of attention in recent years, from the media and from the regulators. A little more than a year ago, the CFPB (now also known as the BCFP) dropped its final version of its new...

Interviews & Exclusives
CFPB’s Change Of Payday Lending’s Heart?

August 29, 2017
The final payday lending rules are coming, but reporting by The Wall Street Journal over the weekend suggests that they may not take quite the toll on the lending industry as once thought. The Consumer Financial Protection Bureau (CFPB), it seems, is considering proposals that would scale back the rule’s scope. Instead of casting the net very, very wide to include all short-term […]

Quick Reads
Elepay Debuts 180-Day Pay-Later Offering for Property Owners

September 03, 2024
Australian lender Elepay has introduced its latest pay-later solution for property owners. The Brisbane-based company’s 180-day offering, announced in a news release Tuesday (Sept. 3), is designed to allow property owners to capitalize on their property’s value before selling without having to worry about upfront expenses. “The 180-day Pay Later Solution is a natural extension of Elepay’s objective to […]

Sen. Warren Presses Mnuchin On Recent Issues In Repo Markets

October 22, 2019
Recent short-term, or repo, lending issues have Sen. Elizabeth Warren worried that banks could potentially use the problems to justify easing regulations on the banking industry as a whole. CNBC...

State Regulators Investigate Payday Advances

August 08, 2019
The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically...

Otting Loosens Rules On Short-Term Small-Dollar Loans

April 26, 2018
Joseph Otting, Comptroller of the Currency, says that rules on short-term, small-dollar lending should be relaxed so U.S. banks are able to offer loans to cash-strapped consumers. According to Financial...