Policy

Comments on the CFPB’s Proposed Payday Lending Regulations

BUREAU OF CONSUMER FINANCIAL PROTECTION

12 CFR Part 1041

[Docket No. CFPB-2016-0025]

RIN 3170–AA40

Payday, Vehicle Title, and Certain High-Cost Installment Loans

 

Submitted By Community Development Finance 3411 East 12th Street, #124 Oakland, CA 94601 510 479-1037

October 6, 2016

 

Community Development Finance (CDF) operates […]

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Interested in how Payday loans compare to the other financial issues faced by underbanked populations? You’re in luck! In the following draft PDF, CDF founder Dan Leibsohn shares draft research conclusions from data generated through CDF’s flagship Community Check Cashing nonprofit money services storefront.

Click to view or download via PDF: Payday Loans, Debt […]

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written by Dan Leibsohn

Payday Loans

The issue of payday lending and other high interest installment loans for mostly low income people with poor credit has become a large issue throughout the country recently. The Consumer Financial Protection Bureau (CFPB) has brought this issue into even greater focus recently with the announcement of its […]

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Originally published on The Huffington Post.

There has been lots of controversy over the U.S. Postal Service’s plan to sell off dozens of post office properties across the country by a real estate firm chaired by the husband of the Senior U.S. Senator from California, presumably to raise money to save the agency. […]

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Originally published on BankAct.org.

In January of this year, the Office of Inspector General of the U.S. Postal Service published “Providing Non-Bank Financial Services for the Underserved,” arguing that that the Post Office (PO) could provide financial services at significantly lower rates than check cashing and pay day lenders charge. These postal banking services, the […]

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