April 2016

Politico Pro A coalition of consumer advocates, small banks and credit unions is asking the Consumer Financial Protection Bureau to give payday lenders no legal safe harbor in its upcoming proposal to curb abuses in the small-dollar loan market. Full Article

CBS NEWS One complaint about the payday lending industry is that it lacks competition, making it hard for borrowers to shop around for the best terms. Doug Farry wants to change that. A former TurboTax executive, he’s the co-founder of Employee Loan Solutions, a program that lets employers offer small loans to their workers. Called