When Government Regulating Runs Wild: Is the new CFPB Rule Something this country needs?

The Consumer Financial Protection Bureau (CFPB) has created new regulations for the payday lending industry. The new rule would limit lenders’ ability to make loans to people who are unable to repay when the loan comes due. The Governor of Read more ›

The CFPB Issues Proposed Rules for Prepaid Financial Products

Back in mid-November the CFPB (Consumer Financial Protection Bureau) issued their proposed rules to offer certain protections under the existing Electronic Funds Transfer Act’s implementing of Regulation E and the Truth in Lending Act’s implementing Regulation Z to certain prepaid Read more ›