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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

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Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Starmer Pushes Digital ID Cards for All After Macron Demands Action to Tackle Scourge of Illegal Wor... Tue Sep 02, 2025 19:00 | Will Jones
Keir Starmer is pushing for everyone in Britain to be forced to sign up for a digital ID card after?Emmanuel Macron?demanded action to tackle the scourge of illegal working in Britain.
The post Starmer Pushes Digital ID Cards for All After Macron Demands Action to Tackle Scourge of Illegal Working in Britain appeared first on The Daily Sceptic.

offsite link Sadiq Khan Demands Axing of London Arms Fair Saying it Offends Asylum Seekers and is ?Inappropriate?... Tue Sep 02, 2025 17:23 | Will Jones
London Mayor Sadiq Khan?today demanded the axing of Britain's biggest arms fair because it offends asylum seekers and is "inappropriate" during?Israel's?Gaza?campai...
The post Sadiq Khan Demands Axing of London Arms Fair Saying it Offends Asylum Seekers and is “Inappropriate” During Israel’s Gaza Campaign appeared first on The Daily Sceptic.

offsite link There Was a ?Generational Slaughter? in Care Homes During Covid. But it Wasn?t Caused by a Virus Tue Sep 02, 2025 15:26 | Dr Clare Craig
There was a "generational slaughter" in care homes during Covid. But it wasn't mainly caused by a virus, says diagnostic pathologist Dr Clare Craig. Now the Covid Inquiry has heard the harrowing evidence of mistreatment.
The post There Was a “Generational Slaughter” in Care Homes During Covid. But it Wasn’t Caused by a Virus appeared first on The Daily Sceptic.

offsite link New Green Party Leader is Former Hypnotherapist who Claimed Women Could Increase Breast Size with Mi... Tue Sep 02, 2025 13:01 | Will Jones
A hard Left former hypnotherapist who claimed that women could increase their breast size with their mind has been elected as the new leader of the?Green Party.
The post New Green Party Leader is Former Hypnotherapist who Claimed Women Could Increase Breast Size with Mind appeared first on The Daily Sceptic.

offsite link BREAKING: Father Ted Creator Graham Linehan Arrested at Heathrow for Trans Tweets Tue Sep 02, 2025 11:09 | Will Jones
Father Ted creator?Graham Linehan has said he was arrested by five armed police officers at?Heathrow?Airport over a series of gender-critical tweets.
The post BREAKING: Father Ted Creator Graham Linehan Arrested at Heathrow for Trans Tweets appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

Consumer Protection Bureau Unveils New "Payday" Lending Rules

category international | politics / elections | news report author Friday June 03, 2016 17:30author by Greg Williams Report this post to the editors

The Consumer Financial Protection Bureau releases new rules governing "payday" lending - high interest loans that impact low-income communities.

The Consumer Financial Protection Bureau releases new rules governing "payday" lending - high interest loans that impact low-income communities. Payday loans often carry interest rates over 300% and give lenders direct access to a borrower's bank account. The new regulations would require lenders to assess a borrower's ability to repay loans and meet basic living expenses. The rules are open for public comment until September 14.

"Nobody should take out high-interest loans that can make a bad economic situation even worse. These new payday rules mark an important step forward for responsible lending and borrowing." stated Eric LeCompte, executive director of the religious anti-poverty coalition Jubilee USA. "We also need strong state laws and we need Congress to support these rules."

Under the new regulations, payday lenders would be prevented from directly withdrawing funds from a borrower's bank account under certain circumstances. The Bureau estimates that one-sixth of borrowers who had funds directly removed from their bank account lose that account due to overdraft violations and shortage of funds.

"Some borrowers lose their bank accounts because of overdrafts when payday lenders directly extract funds," noted LeCompte.

According to the Bureau, about half of the 12 million Americans who borrow from payday lenders have to take out a second loan to pay off the initial loan. Members of Congress have introduced legislation to delay the new regulations. Consumer advocates and the payday lending industry continue to debate proposed laws at the state level, with 24 states passing significant restrictions.

"Some payday lending is actually predatory lending," remarked LeCompte. "Predatory practices must be discouraged and these rules are a good first step."

Jubilee USA Network is an alliance of more than 75 US organizations and 550 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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