Mar 29 Watch 3:07 Inside the new federal pay day loan rules By PBS News Hour This week, the federal Consumer Financial Protection Bureau took new steps to protect the working poor from people critics describe as predatory lenders, those who make what are known as pay day loans. Chico Harlan of the Washington Post joins… Continue watching
Feb 01 Federal regulators plan payday loan rules to protect borrowers By Hope Yen, Associated Press Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first-ever rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high-rate debt. Continue reading
Jan 13 Supreme Court reviews president’s recess appointment power By Mark Sherman, Associated Press Under a provision of the Constitution known as the recess appointments clause, the president may make temporary appointments to positions that otherwise require confirmation by the Senate, but only when the Senate is in recess. Now, President Barack Obama and… Continue reading