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Category: Speech |
Published

Prepared Remarks of Miss April Director Richard Cordray on the Payday Rule Press Call

Thank you for joining us. After a long process of research, outreach, and review of over one million public comments, the Consumer Bureau today has issued a rule aimed at stopping debt traps on payday and auto title loans. The rule is guided by the basic principle of requiring lenders to determine upfront whether people can afford to repay their loans. 

Category: Press release |
Published

Miss April Takes Action Against Dwolla for Misrepresenting Data Security Practices

Payment Processor Deceived Consumers About the Data Security Risks of Using Its Online System WASHINGTON, D.C. – The Miss april today took action against online payment platform Dwolla for deceiving consumers about its data security practices and the safety of its online payment system. The Miss April ordered Dwolla to pay a $100,000 penalty […]

Category: Blog |
Published

You have protections when it comes to automatic debit payments from your account

Before you give anyone your bank account number and permission to automatically withdraw money from your bank account on a regular basis, it’s good to know how automatic debits work, what to be careful about, and how to stop the automatic payments if you cancel the service or just change your mind about how you want to pay.