Payday loans - Latest News :: Catholic News Agency (CNA)
Payday loans - Latest News
Feb 19, 2019 - 04:43 pm .- The Consumer Financial Protection Bureau on Feb. 14 officially proposed to rescind a rule to protect borrowers from predatory lending, prompting concern from Christian groups nationwide that the CFPB may weaken existing protections against loan sharks.
May 9, 2017 - 05:10 pm .- The governor of Oklahoma vetoed a bill that would have drastically increased the interest rates of payday loans, joining the fight of the bishops around the country who have pushed back on similar legislation.
Apr 17, 2017 - 04:10 pm .- In 2015, Shannon found herself swimming in debt from a title loan. She faithfully made the $200 monthly payments. Unfortunately, the entire $200 went to interest.
Jun 5, 2016 - 04:44 pm .- As the federal government considers regulating the infamous “payday loan” industry, Catholics are already acting to help borrowers saddled with loan debt.