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District Court Ruling Clears Way for Small Dollar Rule Compliance Date in June 2022

USA - September 1 2021 Yesterday, in Community Financial Services Association of America, Ltd. v. Consumer Financial Protection Bureau, a lawsuit involving implementation…

Brian R. Epling, Christopher K. Friedman, Preston H. Neel.

The CFPB at 10 Years: A Look Back and a Look Ahead

USA - August 18 2021 Over the years, we have followed actions of the Consumer Financial Protection Bureau (CFPB) and published information that can be found on our…

Shelby D. Lomax.

Illinois Caps Consumer Loans at 36% Rate, Limiting Consumers’ Access to Credit

USA - March 30 2021 Last week, Illinois enacted the “Predatory Loan Prevention Act” (SB 1792), which would place a 36% rate cap on nearly all non-bank consumer loans…

Michael M. Aphibal, Andrew J. Narod, Preston H. Neel.

The Consumer Financial Protection Bureau Issues Statement Regarding Small Dollar Lending and Signals Return to Prior Policy

USA - March 26 2021 On March 23, 2021, the CFPB issued a brief statement highlighting its position regarding “consumer harms in the small dollar lending market” and…

In the Strangest Year Ever, We’re Very Thankful and Wish You a Happy Thanksgiving

USA - November 25 2020 As everyone steps away from their (home) office to celebrate Thanksgiving, we wanted to count our blessings as we review this truly remarkable and…

Leah M. Campbell, Hallman B. Eady, Christopher K. Friedman, Christy W. Hancock, Steven T. Snyder, Heather Howell Wright.