Yesterday, President Biden gave remarks at a meeting of the White House Competition Council, which is composed of a number of administration officials, including Treasury Secretary Janet Yellen and CFPB Director Rohit Chopra. The President’s speech focused on fees and prices in a number of areas – mobile phones, airlines, gas, prescription drugs, meat and […]

The Better Business Bureau, International (BBB) has released a report on predatory payday and cash-advance lenders and debt collection scams. The report generally raises three issues. First, the BBB says its “scam tracker” identified 750 annual consumer complaints since 2020 regarding payday and cash advance scams; the report also cites some general data from the […]

The Center for Responsible Lending (CRL) is out with a new report that is a lot like its other reports on consumer credit and predatory lenders. But this time, there’s a twist. Rather than focusing on the unhelpful fallout of state-based interest-rate caps on small dollar consumer loans or the rise of predatory online lenders, […]