{"id":15236,"date":"2016-06-02T23:05:05","date_gmt":"2016-06-02T16:05:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-proposes-new-rules-for-payday-loan-industry-to-curtail-borrower-debt\/"},"modified":"2016-06-02T23:10:26","modified_gmt":"2016-06-02T16:10:26","slug":"us-proposes-new-rules-for-payday-loan-industry-to-curtail-borrower-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-proposes-new-rules-for-payday-loan-industry-to-curtail-borrower-debt\/","title":{"rendered":"US proposes new rules for payday loan industry to curtail borrower debt"},"content":{"rendered":"


\nConsumer Financial Protection Bureau seeks to require lenders to check if people can afford to repay as critics accuse agency of ignoring credit needs of poorThe US government announced plans on Thursday to regulate the controversial $38.5bn payday loan industry. Regulation of the high-interest, low-dollar loan industry has until now been left to individual states. Under the new rule, lenders would be required to verify income of those taking out loans to ensure that they can afford to repay the money they borrow. Continue reading…
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\nSource : theguardian.com
\nRead more…US proposes new rules for payday loan industry to curtail borrower debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Consumer Financial Protection Bureau seeks to require lenders to check if people can afford to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-15236","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3XK","jetpack-related-posts":[{"id":49777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loan-industry-using-former-labor-shadow-minister-as-lobbyist\/","url_meta":{"origin":15236,"position":0},"title":"Payday loan industry using former Labor shadow minister as lobbyist","date":"March 27, 2017","format":false,"excerpt":"\r Bernie Ripoll helping National Credit Providers Association argue against stronger protections for borrowersThe payday loan industry is using Labor\u2019s former shadow financial services minister to lobby against stronger protections for vulnerable and low-income borrowers.Consumer advocates have put pressure on the government to act on a promise to tighten regulation\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/legalized-loan-sharking-payday-loan-customers-recount-their-experiences\/","url_meta":{"origin":15236,"position":1},"title":"'Legalized loan sharking': payday loan customers recount their experiences","date":"January 22, 2018","format":false,"excerpt":"\r The Consumer Financial Protection Bureau has ordered a review of rules on short-term loans. Three customers say companies lured them into a trapMick Mulvaney, White House budget director and interim director of the Consumer Financial Protection Bureau, recently announced a review of rules on payday loans. Payday loan companies\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34100,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/25-texts-and-emails-a-day-how-payday-loan-firms-hound-vulnerable-borrowers\/","url_meta":{"origin":15236,"position":2},"title":"25 texts and emails a day: how payday loan firms hound vulnerable borrowers","date":"November 12, 2016","format":false,"excerpt":"\r Despite tougher regulation, the industry continues to act irresponsibly by lending to people in financial difficulty. We spoke to one targetAlex Jones* has to switch his phone off at work so the constant text messages do not distract him. He gets around 20-25 a day from payday lenders and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dangerous-payday-loans-join-guns-and-drugs-on-googles-banned-ad-list\/","url_meta":{"origin":15236,"position":3},"title":"'Dangerous' payday loans join guns and drugs on Google's banned ad list","date":"May 12, 2016","format":false,"excerpt":"\r $46bn industry banned from advertising on most visited site in the worldLenders use extremely high interest rates and target vulnerable peopleGoogle announced a ban on search ads from payday lenders on Wednesday, classifying them in their \u201cdangerous products\u201d category with guns, tobacco and explosives. Banning ads from payday lenders\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13900,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-business-lenders-as-bad-as-payday-loan-firms\/","url_meta":{"origin":15236,"position":4},"title":"Small business lenders 'as bad as payday loan firms\u2019\u00a0","date":"May 22, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Small business lenders 'as bad as payday loan firms\u2019\u00a0","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26690,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/archbishops-criticism-of-payday-loans-causes-reform-of-industry\/","url_meta":{"origin":15236,"position":5},"title":"Archbishop's criticism of payday loans causes reform of industry?","date":"September 21, 2016","format":false,"excerpt":"\r Justin Welby, the archbishop of Canterbury, expressed his displeasure with companies including Wonga in 2013. A lot has since changed \u2013 though not everythingIn 2013 the Archbishop of Canterbury, Justin Welby, declared war on Wonga and other payday lenders crucifying borrowers with 5,000% interest loans. Three years later it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15236"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=15236"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15236\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=15236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=15236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=15236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}