Economy Feb 06

Payday loans shop Photo by Steve Rhodes/Flickr
Financial watchdog to gut its payday lending rules

Consumer Financial Protection Bureau is getting rid of a requirement that lenders make sure borrowers could afford to repay a payday loan without being stuck in a cycle of debt, a standard known as "ability to repay."…

Education Aug 27

Office of Management and Budget (OMB) Director Mick Mulvaney arrives to speak to the media at the U.S. Consumer Financial Protection Bureau (CFPB), where he began work earlier in the day after being named acting director by President Donald Trump in Washington, D.C. Photo by Joshua Roberts/Reuters
Nation’s top student loan official resigns

The government's top official overseeing the $1.5 trillion student loan market resigned in protest today, citing what he says is the White House's open hostility toward protecting the nation's millions of student loan borrowers.

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