Payday loans


Save the date: Join us for a Consumer Advisory Board meeting in Little Rock, Ark.

Join the CFPB’s Consumer Advisory Board for a meeting with
Director Cordray where we will discuss an auto lending education initiative,
trends and themes, and payday lending.

This post was originally published on the Consumer Finance Protection Bureau's blog. Link: http://www.consumerfinance.gov/about-us/blog/save-date-join-us-consumer-advisory-board-meeting-little-rock-ark/ Author: Delicia Hand

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Save the date, Kansas City, Missouri!

The hearing will feature remarks from CFPB Director Richard Cordray as well as testimony from consumer groups, industry representatives, and members of the public.

This post was originally published on the Consumer Finance Protection Bureau's blog. Link: http://www.consumerfinance.gov/about-us/blog/save-date-kansas-city-missouri/ Author: Zixta Q Martinez

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New research shows online payday loan borrowers rack up steep fees

We recently released a study about payments for online payday loans and other high-cost online loans and their effects on consumers. We found that online lenders’ repeated attempts to debit payments from a borrower’s checking account add significant costs to online payday loans. 

This post was originally published on the Consumer Finance Protection Bureau's blog. Link: http://www.consumerfinance.gov/about-us/blog/new-research-shows-online-payday-loan-borrowers-rack-steep-fees/ Author: David Silberman

Read more here.