Richard Cordray CFPB Hearing on Payday Lending March 26, 2015

By | Mar 26, 2015

CFPB Hearing Payday Loans Read This and WEEP! Prepared Remarks of CFPB Director Richard Cordray at the Field Hearing on Payday Lending “Under our proposed framework, we define the short-term credit market as loans for 45 days or less. These are typically payday loans or vehicle title loans, but one important feature of our rules […]

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CFPB Payday Loan Short Term Small Dollar Lending Examination Report

By | Jan 20, 2012

This from the CFPB website January 19, 2012: Today, the Consumer Financial Protection Bureau traveled to Birmingham, Ala., for our first field hearing. We gathered to discuss and collect information on payday lending. The payday lending market is a multi-billion dollar industry in the United States, and Alabama has one of the largest concentrations of […]

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