Yasmin Farahi

Deputy Director of State Policy

Yasmin Farahi is deputy director of state policy at the Center for Responsible Lending, which provides nonpartisan research, analysis and advocacy to create financial fairness and economic opportunity for all.

Regulation and compliance

States must protect consumers from high-cost fintech cash advances

States need to think twice about allowing earned wage advance programs. They look increasingly like predatory lending.

By Lauren Saunders

December 20

TRENDING

Community banking

Dave Fishwick of 'Bank of Dave,' has a new nemesis: Payday lenders

The real-life British banker behind the hit Netflix movie 'Bank of Dave' talked with American Banker about the sequel due out next year and why opening more local community banks is so important.

By Kate Berry

4h ago
Credit cards

More consumers are maxing out their credit cards: New York Fed

The number of borrowers who are at their credit limits is approaching its pre-pandemic level, and the percentage of balances that are sliding into delinquency has hit its highest rate in more than a decade, according to new research. Still, card companies are generally expressing optimism about their credit outlooks.

By Catherine Leffert

7h ago
Fraud

Kabbage, a bankrupt fintech lender, settles PPP fraud case with DOJ

The small business lender's bankrupt shell has agreed to pay up to $120 million in connection with allegations that its verification processes for Paycheck Protection Program loan applications were faulty. The government argued that Kabbage reaped larger fees by enabling fraudulently inflated loans.

By Polo Rocha

9h ago