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Set Off Unfair or Deceptive Trade Practices

Bradley Arant Boult Cummings LLP

BCFP Enters into Consent Order with Small Dollar Lender #2

On October 24, 2018, the Bureau of Consumer Financial Protection (BCFP), formerly known as the CFPB, entered into a Consent Order with Cash Express, LLC. Cash Express is a small dollar lender based in Cookeville, Tennessee,...more

Poyner Spruill LLP

Lessons for Lenders in Avoiding Liability When Exercising Setoff Rights

Poyner Spruill LLP on

Last year the Superior Court of Forsyth County, North Carolina awarded approximately $2.1 million in damages against a large lender for its decision to offset debt against a deposit account of a guarantor. The trial court...more

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