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On May 16, 2024, the U.S. Supreme Court held 7-2 in Consumer Financial Protection Bureau et al. v. Community Financial Serves Association of America, LTD., et al. that the Consumer Financial Protection Bureau's (CFPB).
The Supreme Court will decide the constitutionality of the Consumer Finance Protection Bureau’s funding structure. Many observers worry about catastrophic consequences.
Payday and auto title loans have cost Texas 2,000 permanent jobs and taken $1.6 billion a year from mostly low-income people who would have otherwise spent the money on goods and services.
Payday and auto title loans have cost Texas 2,000 permanent jobs and taken $1.6 billion a year from mostly low-income people who would have otherwise spent the money on goods and services.