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Attorney General Payday Loans

Goodwin

Virginia AG Reaches $243,000 Settlement with Online Payday Lenders and Servicers

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On February 23, 2018, the Office of the Attorney General of Virginia (“Virginia AG”) announced that it had entered into a settlement agreement with several affiliated online payday lenders and debt collection companies (the...more

Goodwin

FTC and Illinois AG Settle With “Phantom” Debt Collectors For $47 Million

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On November 1, the Federal Trade Commission (FTC) and Illinois Attorney General’s Office (Illinois AG) announced that they had reached a settlement to resolve a joint action brought against affiliated Chicago-based debt...more

Fisher Phillips

Illinois Attorney General Wages War Against Low-Wage Non-Competes

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Last week, the Attorney General of Illinois filed suit against Check Into Cash, LLC, alleging that the payday lender required its low-wage customer service employees to agree to illegal non-compete agreements in violation of...more

Goodwin

New Mexico Judge Orders Payday Lender to Pay $32 Million in Restitution

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On November 9, 2016, the New Mexico Attorney General (AG) announced that a New Mexico judge issued a final judgment against a payday lender and ordered the lender to pay $32 million in restitution. The court found the...more

Goodwin

Arkansas AG Settles Payday Lending Lawsuit for $750,000

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On June 24, the Arkansas Attorney General (AG) announced a settlement with three entities and two individuals, resolving allegations that the defendants conspired to offer illegal payday loans to consumers online while...more

Goodwin

Vermont AG Enters Largest Settlement With Online Payday Loan Processor

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On May 20, the Vermont Attorney General announced a settlement with an Arizona processer of internet payday loans, resolving allegations that the company violated the state’s prohibition on unfair and deceptive acts in...more

Williams Mullen

Maryland AG and CFPB Announce Action Against Alleged Mortgage Kickback Scheme

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Section 1042(a) of the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act (CFPA) empowers state Attorneys General (AGs) to bring civil actions to enforce federal consumer law against any person offering...more

Williams Mullen

CFPB, Virginia Attorney General Target Payday and Auto Title Lenders

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Section 1031 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd Frank”) authorizes the Consumer Financial Protection Bureau (“CFPB”) to issue rules to prevent unfair, deceptive, or abusive acts or...more

Ballard Spahr LLP

Director Cordray confirms 2014 focus on payday and other small-dollar loans

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According to a report by Kim Chipman and Carter Dougherty of Bloomberg, in a Q&A with state attorneys general that followed a speech today in Washington, D.C. to the National Association of Attorneys General, Director Cordray...more

Ballard Spahr LLP

Director Cordray highlights CFPB collaboration with state AGs

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The CFPB’s collaboration with state attorneys general was the focus of Director Cordray’s remarks today to the National Association of Attorneys General. Director Cordray discussed the role of such collaboration in various...more

Goodwin

State Attorney Generals Settle with Online Payday Lenders

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The Attorney General for the State of New York announced that it reached a settlement agreement with several online payday lenders for alleged violations of New York’s usury and licensed lenders laws. ...more

Ballard Spahr LLP

New York Attorney General Announces Settlement with Debt Collector of Payday Loans

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A settlement with the operator of five Buffalo-area debt collection companies announced on November 21, 2013, by New York Attorney General Eric T. Schneiderman marks the latest chapter in the Attorney General's targeting of...more

Ballard Spahr LLP

Notes from CFPB Education Conference for State Attorneys General

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The George Mason University School of Law, Law & Economics Center recently hosted a conference titled “Understanding the Consumer Financial Protection Bureau,” through GMU’s Attorneys General Education Program. Founded in...more

Ballard Spahr LLP

A CFPB Christmas carol: first coordinated action with states

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In the first action of its kind since the agency’s creation, the CFPB, Attorneys General from New Mexico, North Carolina, North Dakota, and Wisconsin, and the Hawaii Office of Consumer Protection joined forces to enjoin a...more

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