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Category: Consumer Financial Protection Bureau

New York Teams Up With the Feds to Sue Subprime Auto King

Screen grab from “the Don Foss Story”YouTube Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.If billionaire Don Foss were still alive, he’d have a big problem on his hands. On Wednesday, the Consumer Financial Protection Bureau and New York Attorney General Letitia James filed a joint…

Trump to Payday Lenders: Let’s Rip America Off Again

A cash advance provider in Orpington, Kent, UKGrant Falvey/London News Pictures/Zuma When South Dakotans voted 3–to–1 to ban payday loans, they must have hoped it would stick. Interest on the predatory cash advances averaged an eye-popping 652 percent—borrow a dollar, owe $6.50—until the state axed them in 2016, capping rates at a fraction of that in…