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Results:1-10 of 806

Fifteen states urge the 4th Circuit against allowing non-tribal payday lenders to use affiliations for tribal immunity
  • Buckley Sandler LLP
  • USA
  • January 10 2019

On December 27, 2018, fifteen state Attorneys General filed an amici brief with the U.S. Court of Appeals for the 4th Circuit opposing the use of


Bank Secrecy Act’s First Prosecution of a Broker-Dealer
  • Vinson & Elkins LLP
  • USA
  • January 10 2019

Federal prosecutors charged Central States with failing to file a suspicious activity report in violation of 31 U.S.C. 5318. If Central


Illinois authorizes higher verification fee under Payday Loan Reform Act
  • Buckley Sandler LLP
  • USA
  • January 8 2019

On January 4, the Illinois governor signed HB 4873, which amends the State’s Payday Loan Reform Act (the Act) to increase from $1 to $3 the maximum


Colorado UCCC Administrator Offers Guidance on Payday Loan Rate Cap and Alternative Loan Charges
  • Hudson Cook LLP
  • USA
  • January 8 2019

In response to Proposition 111, which amends Colorado's Deferred Deposit Loan Act by capping the annual percentage rate for deferred deposit loans and


Illinois Amends Payday Loan Reform Act Verification Fee Authority
  • Hudson Cook LLP
  • USA
  • January 7 2019

On January 4, 2019, Illinois Governor Bruce Rauner signed HB 4873 into law. The new law modifies the Payday Loan Reform Act, which requires lenders to


Operation Choke Point Litigation Stirs Up Lawmaker ConcernAgain
  • Manatt Phelps & Phillips LLP
  • USA
  • December 5 2018

Beginning in 2012, Operation Choke Point involved various federal agencies that put pressure on financial institutions working with companies that


Attacks on Payday Lending: Ballot Initiatives, Legislation, and Attorney General Enforcement
  • Hudson Cook LLP
  • USA
  • November 30 2018

On October 26, 2018, the Bureau of Consumer Financial Protection issued a public statement announcing that it intends to issue proposed rules in


State Update: Enforcement, Oversight by States Continues
  • Manatt Phelps & Phillips LLP
  • USA
  • November 27 2018

State Attorneys General continue to fill the federal enforcement void, with the Pennsylvania attorney general soliciting redlining complaints and the


Colorado voters pass initiative capping interest on payday loans at 36 percent
  • Buckley Sandler LLP
  • USA
  • November 9 2018

On November 6, Colorado voters approved a ballot initiative (officially referred to as Proposition 111) to reduce the maximum annual percentage rate


States of Complaint - CFPB Releases Complaint Snapshot: 50 State Report
  • Troutman Sanders LLP
  • USA
  • November 7 2018

In October, the Consumer Financial Protection Bureau released its Complaint Snapshot, which supplements the Consumer Response Annual Report and