March 2021

The Consumer Financial Protection Bureau gives its clearest signal yet that a 2020 rule easing standards for payday lenders is in jeopardy, despite efforts already underway by the industry to implement the rule of l Trump administration.…

A payday loan is a high-cost, short-term loan for a small amount - usually $500 or less - that is supposed to be repaid with the borrower's next paycheck. Payday loans only require ID, income, and a bank account and are often given to…

Six years ago, a Downstate Springfield woman, Billie Aschmeller, took out a short-term…