The New York Times reports “A Consumer Bill Gives Exemption on Payday Loans” that Senator Bob Corker of Tennessee is trying to remove a provision from the draft that would empower the CFPA to oversee payday lenders. Payday Pundit highlighted this statement by CFSA spokesman Steven Schlein: “The banks caused the financial meltdown, and they’re […]
Category Archives: Regulation
Nevada trying to cut down on Internet payday loans
George Burns, Commissioner of the Financial Institutions Division, wants Nevada to stop Nevada licensees from giving loans to borrowers in other states. He doesn’t have a problem if you are licensed in that “other” state. Mr. Burns may have a legitimate beef, but it’s probably misdirected. His department has to deal with these complaints. He […]
Also posted in Internet Lending, Nevada
