How Payday Lenders Spent Millions to Win Every Battle, Only to Lose the War

This article, from the Washington Independent, discusses the payday lending industries past lobbying efforts that have effectively stopped regulation of the payday loan industry from taking place. But now with the Dodd-Frank Act and it’s creation of the Consumer Financial Protection Bureau, with full rule-making and enforcement authority over payday lenders, it appears that payday lenders finally may have lost the at least the first round of the regulatory battle.