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Lenders Attorney General

Troutman Pepper

DC OAG Resolves Alleged Usury and Deceptive Acts Violations With Community Lending Platform

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On May 10, SoLo Funds, Inc. (Solo), one of the largest community lending platforms in the United States, entered into a settlement with the District of Columbia attorney general (OAG). The settlement resolves claims that the...more

Cozen O'Connor

The State AG Report Weekly Update April 2019 #1

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Cannabis / Marijuana- FTC and FDA Issue Warning Letters to Companies Advertising and Selling Cannabidiol Products- The Federal Trade Commission (“FTC”) and the Food & Drug Administration (“FDA”) issued warning letters to...more

Goodwin

Massachusetts AG Settles With Auto Lender Over Exceeding Interest Rate Caps

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On December 27, 2018, the Massachusetts Attorney General’s Office (AG) announced? that it had entered into a consent order with an auto lender, resolving allegations that the lender violated the Massachusetts Cost of Consumer...more

Cozen O'Connor

The State AG Report Weekly Update April 2018 #4

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Antitrust- Texas Attorney General Reaches Settlement with Dental Supply Distributor Over Alleged Anticompetitive Conduct- Texas Attorney General Ken Paxton settled with dental supply distributor Patterson Companies,...more

Cozen O'Connor

The State AG Weekly Update

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AG Elections- Arkansas Attorney General Leslie Rutledge Files to Run for Reelection- According to reports, Republican AG Leslie Rutledge has filed to run for reelection to a second term in 2018. AG Rutledge, the...more

Goodwin

Online Fast Cash Lenders to Pay $9 Million to Settle Claims of Illegal Lending to North Carolina Consumers

Goodwin on

On June 21, 2016, the North Carolina Attorney General announced that two online fast cash lenders have agreed to pay more than $9 million in refunds for allegedly illegal loans issued to North Carolina consumers. The...more

Goodwin

Colorado Attorney General Announces Lenders Will Return $8 Million to Consumers over Alleged Usurious Loans

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On June 8, 2016, the Colorado Attorney General announced that several national lenders were ordered to pay approximately $8 million in restitution to Colorado consumers over alleged usurious loans, which violated Colorado’s...more

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