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Federal regulators issue a new rule that removes a key provision crafted during the Obama administration. Lenders no longer have to check that borrowers can repay a loan.
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Some payday loans carry interest rates of 100% or more. The Military Lending Act limits rates on loans to service members. Now, a bipartisan bill aims to extend that protection to all Americans.
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What once was a booming payday lending industry in Ohio has shrunk dramatically since the Short-Term Lender Law took effect in April. Some companies have…
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Low-income Americans who use government safety net programs could be affected by a number of proposed rules and actions in areas such as housing, food aid, overtime and immigration.
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One of Kathy Kraninger's first moves as CFPB chief was to move to rescind a rule that would put restrictions on payday lending. Now she'll face questions from the House Financial Services Committee.
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The rule would have protected borrowers from ballooning loans with giant interest rates. Now, the Consumer Financial Protection Bureau proposes ripping the rule's teeth out.
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Controversial bills involving abortion, gun rights and pay raises for elected officials passed by lawmakers during the lame duck session. Some might be…
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Former House Speaker Cliff Rosenberger and several payday lending lobbyists are named in a federal search warrant seeking evidence of potential bribery…
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Gov. John Kasich has signed into law a proposal cracking down on Ohio's short-term lending industry.The bill approved by the Republican governor on Monday…
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The Ohio House on Tuesday agreed with the Senate’s changes to a payday lending overhaul, sending the final bill to the governor’s office. Legislators…