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Ability-to-Repay Dodd-Frank Wall Street Reform and Consumer Protection Act Online Marketplace Lending

Ballard Spahr LLP

CFPB receives unprecedented level of comments on payday, title and high-cost installment loan proposal

Ballard Spahr LLP on

The comment period for the CFPB’s proposed rule on Payday, Title and High-Cost Installment Loans ended Friday, October 7, 2016.  The CFPB has its work cut out for it in analyzing and responding to the comments it has...more

Ballard Spahr LLP

House appropriations bill amendment would delay enforcement of CFPB payday loan rule

Ballard Spahr LLP on

According to a Politico report, the House Appropriations Committee has advanced a bipartisan amendment to the FY17 Financial Services and General Government Appropriations bill that would block the CFPB from enforcing a rule...more

Cadwalader, Wickersham & Taft LLP

CFPB Proposed Rules Address Payday Loans and Impose New Customer Diligence Requirements

The Consumer Financial Protection Bureau (“CFPB”) last week announced long-awaited proposed rules governing payday loans and other high-cost credit products, including that lenders must take steps to ensure prospective...more

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