Late on Tuesday, the Consumer Financial Protection Bureau (CFPB) announced that it is planning to “reconsider” the Payday Rule, an Obama-era rule that created the first federal restrictions on payday loans. The rule takes aim at predatory practices by payday lenders—companies which give out high-interest loans and disproportionately target low-income borrowers, by requiring them to … Continue reading The Trump administration wants to make it easier for payday lenders to scre…