Rules to protect payday loan customers are under attack…again

In the fall of 2017, the Consumer Financial Protection Bureau (CFPB) issued new rules to protect payday loan customers from some of the most harmful practices in that industry. But now the same federal agency that issued the rule has announced plans to scrap important provisions of it, leaving many consumers unprotected. The good news is that this proposal to roll back the payday rule is still just a proposal. Before this proposal can be finalized, the agency must first allow for public comments, and you can easily submit one. [More...]

Employment credit checks are putting jobs out of reach for Oklahomans

This post is by OK Policy intern Lydia Lapidus. Lydia is a recent graduate from George Washington University’s Elliott School of International Affairs with a concentration in International Politics. When applying for a job, you might scan your social media… Read more “Employment credit checks are putting jobs out of reach for Oklahomans” [More...]

Bill Watch: Ways to help Oklahoma families build wealth this legislative session

This post is the first in a series highlighting key bills in several issues areas that we’re following.  Last session, working families saw little in the way of help from the Legislature.  As the budget crisis continued, core services suffered… Read more “Bill Watch: Ways to help Oklahoma families build wealth this legislative session” [More...]

New protections for payday loan borrowers are under attack

Last fall, we told you about new rules issued by the Consumer Financial Protection Bureau (CFPB) that would protect payday loan customers from some of the most abusive practices in that industry. These new rules, scheduled to be enforced in mid-2019,… Read more “New protections for payday loan borrowers are under attack” [More...]

Roadside cameras won’t solve Oklahoma’s uninsured driver problem

In 2016 Oklahoma enacted SB 359 creating the Uninsured Vehicle Enforcement Program. The new law allows district attorneys to contract with private companies for automated license plate readers to catch and send tickets to uninsured drivers. The company that won… Read more “Roadside cameras won’t solve Oklahoma’s uninsured driver problem” [More...]

New protections for payday loan borrowers are coming (if Congress will stay out of the way)

After years of research and public consultation, the Consumer Financial Protection Bureau this month issued a final rule to create new protections for payday loan borrowers. These new protections are a necessary and positive first step in eliminating the debt… Read more “New protections for payday loan borrowers are coming (if Congress will stay out of the way)” [More...]

Congress is trying to strip away Americans’ protections from predatory lending

Last month, Governor Fallin made the right choice when she vetoed HB 1913 – a bill that would have expanded predatory lending in Oklahoma. In her veto message, Fallin pointed out that Oklahomans frequently take out high-interest loans at a… Read more “Congress is trying to strip away Americans’ protections from predatory lending” [More...]

Common sense reforms needed to protect Oklahoma tenants

Preston Brasch was an OK Policy Spring intern. He is studying law at the University of Tulsa School of Law. Oklahoma faces a significant affordable housing shortage (see e.g. the 2016 Oklahoma Housing Needs Assessment and A Housing Strategy for… Read more “Common sense reforms needed to protect Oklahoma tenants” [More...]