Vanita Gupta

CFPB Makes Move to Support Payday Lenders During Black History Month

When given the chance at the ballot box, Americans overwhelmingly vote to impose a 36 percent or less rate cap. Today, 16 states and the District of Columbia have these rate caps in place, providing strong protection from payday loan sharks. In remaining states – those without a rate cap – interest rates run as high as 460 percent in California, over 400 percent in Illinois and 662 percent in Texas.

What’s at risk for America’s ethnic communities with the 2020 Census? 

The biggest threat to a complete count in the 2020 Census, civil rights advocates agree, is public distrust of the government, fueled by the Trump administration’s anti-immigrant policies, and the just announced decision by Commerce Dept. Secretary Wilbur Ross to include a question on citizenship status — a question that hasn’t been included since 1950.