Loanable Funds

How banks got into the payday lending business

This article was published by Get to know the new payday loan. It looks a lot like the old payday loan. Under the Obama administration, the Consumer Financial Protection Bureau attempted to curb abusive payday loans, including forcing lenders to ensure that borrowers had the funds to repay their …

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Predatory payday loans keep getting worse and Congress needs to act

Ronnie Newman is the National Political Director of the American Civil Liberties Union (ACLU). With COVID-19 continuing unabated in much of the country, racial implications and economic consequences the pandemic are becoming more and more pronounced. Millions of people – disproportionately colored – are unemployed, threatened with eviction and struggle …

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BSP Expands Kinds of Loans Thought of Agri-Agra Compliant

THE BANGKO SENTRAL ng Pilipinas (BSP) additional expanded the kind of loans counted as compliance with the obligatory credit score allowance for agriculture and land reform actions. “That is an interim measure pending the modification of the Regulation of the Republic (RA) 10,000 (Agri-Agra Reform Credit score Regulation of 2009) …

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