Senate Democrats Attempt to Federally Enforce State Usury Laws

Senate Democrats Attempt to Federally Enforce State Usury Laws

← Previous Article Next Article → Senator Jeff Merkley (D-OR) and Congresswoman Suzanne Bonamici (D-OR) recently introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act, a bill that would require small-dollar lenders to register with the...
Opportunity Zones in Indian Country

Opportunity Zones in Indian Country

← Previous Article Next Article → The Tax Cuts and Jobs Act of 2017 introduced a new term to the tax code called Opportunity Zones. These are defined as an “economically-distressed community where new investments, under certain conditions, may be eligible...
Fintech Outpaces Banks and Credit Unions in Personal Loans

Fintech Outpaces Banks and Credit Unions in Personal Loans

← Previous Article Next Article → According to a recent report by TransUnion, personal loan balances reached a record $138 billion in 2018. The growth in personal loans was led by fintech firms, which made more personal loans than banks, credit unions, and...
Midland Funding Case Reaches a Settlement

Midland Funding Case Reaches a Settlement

← Previous Article Next Article → In 2015, the Second Circuit Court of Appeals issued a ruling in Madden v. Midland Funding that seemed to overturn the “valid-when-made” doctrine, sending shock waves through the financial services sector. Denied a hearing by...
Kraninger Files First Lawsuit as Head of the CFPB

Kraninger Files First Lawsuit as Head of the CFPB

← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB), has filed a lawsuit seeking to enforce a Civil Investigative Demand (CID) against the Law Offices of Crystal Moroney, (LOCM) a debt collection law firm. It is the first CFPB...

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