Small dollar lending: Latest News, Top Stories & Analysis

Consumer Financial Protection Bureau (CFPB)

SoLo Funds Under Fire: CFPB Sues Fintech Giant for Deceptive Loan Tactics

May 20, 2024May 19, 2024 - by Maryann Pugh

WASHINGTON, D.C. — Imagine for a moment that you’ve borrowed money under the premise of zero-interested loans, only to be tricked into paying hidden fees disguised as “tips” or “donations”. …

National

Consumer Financial Protection Bureau Asserts Supervisory Authority Over Installment Lender World Acceptance

February 26, 2024February 26, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently announced that it will extend its supervisory authority to include installment lender World Acceptance. This move marks a critical step …