January 14, 2022
A D.C. federal judge threw out a case against the U.S. Consumer Financial Protection Bureau on Friday over the agency's decision to repeal ability-to-repay underwriting requirements for payday lenders, despite arguments from community advocates that the agency had used poor analysis to justify the rollback.
October 29, 2020
Community advocates filed a lawsuit in D.C. federal court Thursday challenging the Consumer Financial Protection Bureau's recent repeal of ability-to-repay underwriting requirements for payday lenders, arguing the agency used shoddy analysis and slanted reasoning to reach a preordained conclusion that shouldn't be allowed to stand.