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Fees Payday Lending Rule

Orrick, Herrington & Sutcliffe LLP

CFPB announces March 30 compliance date for “payday” lending rule

In a blog post published on January 10, the CFPB announced that its 2017 payday lending rule would go into effect on March 30 after conclusion of litigation regarding the rule, which sought to block implementation of the...more

Troutman Pepper Locke

Maryland Issues Guidance on Earned Wage Access Products

Troutman Pepper Locke on

On August 1, Maryland’s Office of Financial Regulation (OFR) issued guidance to “provide clarity on how [the OFR] views Earned Wage Access [EWA] products and to describe the requirements entities offering these products must...more

Orrick, Herrington & Sutcliffe LLP

CFPB report looks at junk fees; official says they remain agency focus

On March 8, the CFPB released a special edition of its Supervisory Highlights focusing on junk fees uncovered in deposit accounts and the auto, mortgage, student, and payday loan servicing markets. The findings in the report...more

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