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Volume 29 - Number 7

April 2, 2018

Lawmakers Push to Ease Payday Lending Rules, Critics Antsy

Congressional lawmakers are seeking ways to ease restrictions on payday loans and rescue the industry from what some lenders feel are onerous CFPB rules promulgated under past agency leadership. Sen. Lindsey Graham, R-SC, introduced a Congressional Review Act resolution to repeal the agency’s payday rule, and the House Financial Services Committee gave a green light to bank payday lending. The CFPB finalized its payday rule in October under former Director Richard Cordray with ...

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With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

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We’re pondering a move into non-QM, but haven’t made up our mind.


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