Why Elizabeth Warren Is Battling Florida’s Payday Lending Model; Lenders Collect Billions Through The Poor

Why Elizabeth Warren Is Battling Florida’s Payday Lending Model; Lenders Collect Billions Through The Poor U.S. Sen. Elizabeth Warren, D-Mass., talks at a meeting in Washington, D.C., 8, 2015 july. Picture: Jennifer Graylock/Getty Images People of Congress whom oppose tighter federal laws on short-term, high-interest-rate loans have actually pointed to Florida’s looser rules as a better alternative. The real question is, better for who? A...

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CFPB Announces ten dollars million Business Collection Agencies Action Against Payday Lender

CFPB Announces ten dollars million Business Collection Agencies Action Against Payday Lender Patrick Lunsford The buyer Financial Protection Bureau (CFPB) today took enforcement action against ACE money Express, among the payday lenders that are largest in the usa, for making use of unlawful financial obligation collection techniques – including harassment and false threats of legal actions or unlawful prosecution. ACE will offer $5 million in...

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