Life on a Small-Dollar Loan | The Daily Signal
In order to crack down on what's known as “predatory lenders,” the Obama administration proposed new rules that require short-term lenders to ensure customers have the ability to repay...
Local Leaders Expand Access to Safe and Affordable Small Dollar Loans
Longview City Council Member Kristen Ishihara talks about her city's decision to pass an ordinance placing restrictions on harmful payday and auto title lending practices. Kerry Bashaw, with...
Dodd-Frank at 5: "Signs of Hope" for Small-dollar Loan Safeguards
When the Dodd-Frank Act created the Consumer Financial Protection Bureau (CFPB) in 2010, it gave the agency authority to regulate high-cost, small-dollar loans—including payday loans. This...
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When you need a small dollar loan, look first to credit unions or online lenders — and avoid payday lenders that may charge interest rates that hit triple digits.
Small-Dollar Loan Pilot Program Purpose of Small-Dollar Loan Pilot. In February 2008, the FDIC began a two-year pilot project to review affordable and responsible small-dollar loan programs in financial institutions.
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Nick Bourke. Director. Nick Bourke directs Pew's research on consumer needs and perceptions, market practices, and potential regulation of payday and other small-dollar loan providers.