Steven M. Kaplan
Mayer Brown
Articles
CFPB Releases Long-Awaited Report on Buy Now Pay Later Industry
USA - September 29 2022 On September 15, 2022, the US Consumer Financial Protection Bureau (“CFPB” or “Bureau”) issued its long-anticipated report on the Buy Now Pay Later…
Christa L. Bieker, Julyana C. Dawson, Christopher B. Leach, Ori Lev, Eric T. Mitzenmacher
The Date Is Set: CA DFPI Adopts Final Commercial Financing Disclosure Rules and Announces Effective Date
USA - June 15 2022 After an almost two-year regulatory process, the California Department of Financial Protection and Innovation (DFPI) adopted final administrative…
Krista Cooley, Francis L. Doorley, Daniel Pearson, Jeffrey P. Taft
This Time It’s Forever: California Poised to Reinstate One-Loan Exemption
USA - April 22 2022 The California State Legislature provided commercial lenders with welcome news this week when the California Senate passed Senate Bill 577 (“SB 577”)…
Krista Cooley, Francis L. Doorley, Jonathan D. Jaffe, Daniel Pearson, Jeffrey P. Taft
Marketplace Lender’s Lawsuit Against California DFPI Challenges “True Lender” Recharacterization
USA - March 18 2022 Marketplace lender Opportunity Financial, LLC (“OppFi”) has gone on the offensive against the California Department of Financial Protection and…
Krista Cooley, Francis L. Doorley, Eric T. Mitzenmacher, Daniel Pearson, Jeffrey P. Taft
Federal Student Loan Moratorium Extended Until January 31, 2022
USA - August 9 2021 On August 6, 2021, the U.S. Department of Education announced that it would extend the moratorium on federal student loan payments until January 31…
