Posted inEconomic Policy

CFPB Takes Aim at Payday Loan Debt Traps

For two decades, the payday loan industry has preyed on low-income workers by offering short-term loans with sky-high interest rates and fees. Now the five-year-old Consumer Financial Protection Bureau is taking the first major steps to curb the sector’s predatory practices. Under the proposed regulations announced this week, payday lenders must ensure that a borrower […]

Posted inLaw and Justice

Pennsylvania Offers Clean Slate to Ex-Offenders

Pennsylvania is poised to become the first state in the nation to limit access to criminal records for certain nonviolent offenders. In April, the Pennsylvania General Assembly took up the consideration of bills that aim to help ex-offenders reintegrate into society without the permanent stigma of a criminal record. Under the Clean Slate Act, people […]

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