Category Archives: Reports, Fact Sheets, Background Papers

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AFR Calls for Strong Rules on Payday Lending

The Consumer Financial Protection Bureau’s latest report on payday lending reaffirms what the Bureau’s initial research showed a year ago: these ultra-high-cost loans, while promoted as a form of emergency credit, consistently lead to a cycle of debt. Even after paying substantial fees, many borrowers end up “owing as much or more on their very last loan as the entire amount they had borrowed initially,” CFPB Director Richard Cordray pointed out.

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Dangerous Liaisons: POGO Report Examines the SEC’s Revolving Door

View or download PDF. “Former employees of the Securities and Exchange Commission (SEC) routinely help corporations try to influence SEC rulemaking, counter the agency’s investigations of suspected wrongdoing, soften the blow of SEC enforcement actions, block shareholder proposals, and win exemptions from federal law.”  

At a Crossroads: Lessons from HAMP

A new report from the National Consumer Law Center analyzes the record of the government’s main mortgage modification initiative, and where we go from here.