In Birmingham, Ala. today, the Consumer Financial Protection Bureau (CFPB) is convening the agency’s first-ever field hearing to gather information and input on the payday lending market.

Consumer Lending, traditionally called end-retail lending, refers to making a wide range of secured or unsecured loans to consumers by lenders, banks, credit unions, and private investors for consumable items. These items such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, [...]