CFPB revokes payday loan restrictions designed to protect borrowers
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The Consumer Financial Protection Bureau (CFPB) will now make it easier for payday lenders to extend short-term, high-interest loans to customers who may not be able to repay them. The office's final review of an…
Financial institutions should address their lack of trust with black communities
In the midst of a pandemic that brought black Americans distrust of medical systems in the foreground, another source of mistrust with acute consequences persists: financial institutions.As has been well documented, the current economic…
Why personal debt looks healthy despite the worst year for jobs
California experts say mainstream indicators have failed to capture the true toll of the pandemic, warning of a much more complicated - and uneven - debt history.
On paper, the Golden State appears to have…
Payday lenders in Canada are using the internet as a way to get around the laws
Canada is taking measures to crackdown on payday lenders. Payday lenders can't open stores or get business licenses across Canada. These regulations were established to stop payday loan borrowers falling for loans with high interest…
How new laws are pushing predatory loan sharks closer to extinction
Amid fears of growing financial hardship across New Zealand, a global campaign against high-interest lenders appears to be gaining traction.Payday lenders, truck shops, loan sharks: the names alone are enough to conjure grim…
CFPB to Relax Strict Pending Payday Loan Rules
Washington report - The country's new consumer finance watchdog on Wednesday proposed to significantly ease the stringent pending rules on payday loans and other short-term loans designed to prevent lenders from taking advantage of…
Google bans AdWords ads for payday loans
Last week, Google Inc. (“Google”) announcement its plan to ban AdWords ads for payday loans and related products.
How will the ban affect your AdWords advertising campaign?
AdWords Advertising Program Terms and Rules
Google's advertising…
Payday Loan Ads Could Be Banned From TV Before 9 PM | Advertising
Payday loan ads could be banned from television before 9 p.m., according to proposals being reviewed by the UK advertising regulator.The dissemination committee of Advertising Practice (Bcap), the body responsible for drafting the rules for…
Payday Loan Commercials Explode As Adults Watch 152 A Year – Ofcom | Advertising
The number of television commercials for payday loans from companies such as Wonga has risen from 11,000 per year to nearly 400,000 over three years, according to new research.Some 397,000 payday loan announcements aired on UK commercial…
Payday Loan Ads Could Be Banned From Popular Children’s Shows | Advertising
Payday loan advertisements could face restrictions on TV advertising after the body responsible for setting advertising rules in the UK announced a public consultation on the issue.The Broadcast Committee of Advertising Practice (Bcap) -…