Newsroom

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In The News: Listen to History, Borrowers to understand impact of proposed rate caps

February 23, 2020 | In The News

When developing policy, it’s common sense to listen to those who stand to be the most impacted. Yet attempts to enact a 36 percent annual interest rate cap on short-term, small-dollar loans are being guided by outside interest groups with little regard for the consequences or the financial realities of many Americans. ...

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In The News: Interest Loan Caps Have a Record of Failure

January 24, 2020 | In The News

Rather than restricting access to loans that customers value and forcing them into worse outcomes, policymakers should work toward real financial inclusion and ensure that all Hoosiers have access to legal and licensed sources of credit. ...

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In The News: Not All Small-Dollar Lenders Are The Same

January 11, 2020 | In The News

In 2020, the CFPB and Congress should work to protect access to licensed and regulated lenders and focus on tackling the very real problem of unlicensed, unregulated, illegal or otherwise unscrupulous lenders trying to take advantage of Utahns....

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In The News: CFPB Can Right Past Wrongs of Small-Dollar Lending Rule

April 29, 2019 | In The News

The demand for credit will exist whether or not small-dollar loans are available. The CFPB now has the chance to take a new approach to small-dollar lending: one that appropriately balances consumer protection with access to credit....

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In The News: CFPB's Structural Flaws Come to Light Amid Change in Leadership

July 17, 2018 | In The News

Political interference in the workings of the allegedly-independent Bureau is nothing new, and underscores the major flaws in the CFPB’s structure — specifically its single director. This partisan interference will pervade the Bureau regardless of which party controls the White House or Congress, and it must be addressed....

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In The News: Mick Mulvaney Is Right To Reform CFPB

April 12, 2018 | In The News

Acting Director Mick Mulvaney is right to move to reform the bureau and separate it entirely from partisan politics. Only then can it become the independent agency Congress envisioned....

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In The News: CFPB Should Make Sure Payday Rule Reboot Meets Consumer Neets

March 8, 2018 | In The News

National Consumer Protection Week gives us an important opportunity to reflect on whether we are truly listening to the wants and needs of American consumers.

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