CFPB To Hold Hearing on Payday Lending

more+
less-

The CFPB, in alignment with its continuing focus on payday lending, will hold a field hearing in Nashville, Tennessee on March 25, 2014, on payday lending. The CFPB previously took enforcement action against a payday lender for unfair and deceptive practices and actions related to the lender’s practice of allegedly “robo-signing” affidavits (see November 26, 2013 Alert). The New York and Colorado state attorneys general also settled with an online payday lender for unlicensed lending and violations of state usury laws (see February 4, 2014 Alert).

IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this informational piece (including any attachments) is not intended or written to be used, and may not be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Goodwin Procter LLP | Attorney Advertising

Written by:

more+
less-

Goodwin Procter LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×