CFPB Halts Worker Payday Loan Evasions
Press release from NCLC | July 18, 2024 “A payday advance that is repaid on payday is a payday loan, and fintech cash advance apps […]
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Consumer Protection
Newsletter – Focus on Consumer Protections, May 2024
CEI Focus on Consumer Protections, May 30, 2024 This Newsletter, emailed to our subscribers, includes updates on Earned Wage Advance (worker payday loans), on monetary
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CFPB Distributes $384 Million to 191,000 Victims of Think Finance’s Illegal Lending Practices
Press release from CFPB | May 14, 2024 View the map of distribution dollars by state Arizona: Over $40 million dollars returned to Arizonans. WASHINGTON,
CFPB Returned Over $240M to Harmed Consumers in 10 States Home to Lawmakers Beholden to Financial Industry
Press release from Accountable.US | August 9, 2023 Download the report Arizona: The CFPB returned over $12.2 million in funds to 20,502 Arizonans from 2012
Newsletter, August 2023
CEI Newsletter for August, 2023 This month’s Newsletter, emailed to our subscribers, includes an annual report of our budget, a letter from the President, updates
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The Debt Trap Drives the Fee Drain: Payday and Car-Title Lenders Drain Nearly $3 Billion in Fees Every Year
Center for Responsible Lending | June 15, 2023 Download the report Note: Arizona fees lost to Car Title loans now estimated at $9,156,242.20 annually In
Newsletter, March 2023
CEI Newsletter for March, 2023 This month’s Newsletter, emailed to our subscribers, starts with a letter from the Executive Director and a photo of our
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CFPB Orders TitleMax to Pay a $10 Million Penalty for Unlawful Title Loans and Overcharging Military Families
CFPB Press Release | February 23, 2023 Repeat offender doctored information, ignored military protection law, and levied fees for useless products WASHINGTON, D.C. – Today,
Six of The Eight Largest Banks Now Offer Affordable Small Loans
PEW | By: Alex Horowitz & Gabriel Kravitz | January 24, 2023 The consumer-friendly moves provide savings to customers over costly lenders Just five years
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How Title Lenders Trap Poor Americans in Debt With Triple-Digit Interest Rates
ProPublica | by Margaret Coker, The Current, and Joel Jacobs, ProPublica, with research by Mollie Simon, ProPublica | November 14, 2022 “TMX Finance, TitleMax’s parent
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