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Debt Payday Loans

Nelson Mullins Riley & Scarborough LLP

Who is Paying Who: The Employee or the Employer?

Since 2022, the Consumer Financial Protection Bureau (CFPB) has a stated priority of “protecting employees and their rights through conducting reports, inquiries, and issuing requirements for employers.” In July 2024, the...more

Troutman Pepper

Arizona, Kentucky, and Hawaii Become Latest States to Introduce Legislation to Regulate Earned Wage Access Products

Troutman Pepper on

Recently, Arizona, Kentucky, and Hawaii have jumped on the bandwagon to regulate earned wage access (EWA) products and services. Arizona’s proposed bill makes clear that EWA services are not considered to be loans or money...more

DailyPay, Inc.

The American Worker and Debt: How Earned Wage Access Can Help Break The Cycle

DailyPay, Inc. on

In 1965, the country was at an inflection point: there had been nearly a decade of important civil rights activism culminating in the Voting Rights Act, the World's Fair came to Queens, and the popularity of unions was at a...more

Ballard Spahr LLP

CFPB holds research conference

Ballard Spahr LLP on

On December 12–13, 2019, the CFPB hosted its fourth research conference on consumer finance.  The goal of the conference, as described by the CFPB, was “to connect the core community of researchers and policymakers with the...more

Holland & Knight LLP

Stakeholders Debate Public Policy Issues Surrounding Consumer Debt in America

Holland & Knight LLP on

A number of diverse stakeholders gathered at George Mason University (GMU) on Nov. 18, 2019, to participate in a program entitled "Consumer Debt in America: What Would Rate Caps and Student Loan Forgiveness Mean?" The debate,...more

Ballard Spahr LLP

House Financial Services Subcommittee Holds Hearing on “Debt Traps”

Ballard Spahr LLP on

On April 30, 2019, the House Financial Services Subcommittee held a hearing entitled “Ending the Debt Traps in the Payday and Small Dollar Credit Industry.” ...more

MoFo Reenforcement

Financial Services Report – Winter 2017

MoFo Reenforcement on

EDITOR’S NOTE - The holidays came early for the financial services industry. First, the Senate voted to repeal the CFPB’s rule banning class waivers in arbitration agreements in consumer financial contracts. Then,...more

Ballard Spahr LLP

NY Attorney General Settles Action against Law Firm Collecting on Payday Loans

Ballard Spahr LLP on

The New York Attorney General recently announced a settlement with Forster & Garbus, a large debt collection law firm that had filed collection actions against consumers arising out of payday loans. Specifically, Attorney...more

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