Posts Tagged:payday loans

US Catholic bishops lament end to federal limits on payday loans

The revocation of restrictions on payday lenders by the Consumer Financial Protection Bureau exposes poor and vulnerable persons to ‘predatory and abusive lending practices’, the US bishops’ conference said last week. On July 7 the CFPB removed requirements that lenders ensure borrowers can repay a loan before issuing it, and limited how many successive loans…Read More