Federal & CFPB Regulations

Trade groups file opposition to CFPB’s motion for summary judgment in Texas lawsuit

The industry trade groups challenging the CFPB’s final rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (the Rule) have filed their combined opposition to the CFPB’s cross-motion for summary judgment and reply to the CFPB’s opposition to the trade groups’ motion for summary judgment. ...

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Trade groups file amended complaint in Texas lawsuit challenging CFPB payday loan rule

The industry trade groups challenging the CFPB’s final Rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (the Rule) filed their Amended Complaint in accordance with the briefing schedule recently entered by the court....

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Final Small-Dollar Lending Rule Ensures Millions Will Have Access to Regulated Credit

The CFPB’s action will ensure that essential credit continues to flow to communities and consumers across the country, which is especially important in these unprecedented times....

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In The News: Listen to History, Borrowers to understand impact of proposed rate caps

By D. Lynn DeVault
When developing policy, it’s common sense to listen to those who stand to be the most impacted. Yet attempts to enact a 36 percent annual interest rate cap on short-term, small-dollar loans are being guided by outside interest groups with little regard for the consequences or the financial realities of many Americans. ...

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In The News: Interest Loan Caps Have a Record of Failure

Rather than restricting access to loans that customers value and forcing them into worse outcomes, policymakers should work toward real financial inclusion and ensure that all Hoosiers have access to legal and licensed sources of credit. ...

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Tens of Thousands of Handwritten Comments Support Reconsideration of Small-Dollar Lending Rule

Vast majority of overall comments support reconsideration, urge CFPB to protect access to credit...

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CFSA Submits Statement for the Record on House Financial Services Committee Hearing

CFSA Submits Statement for the Record on House Financial Services Committee Hearing...

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In The News: CFPB Can Right Past Wrongs of Small-Dollar Lending Rule

The demand for credit will exist whether or not small-dollar loans are available. The CFPB now has the chance to take a new approach to small-dollar lending: one that appropriately balances consumer protection with access to credit....

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