CFPB Monitor
JANUARY 17, 2019
A Minnesota federal district court recently ruled that lead generators for a payday lender could be liable for punitive damages in a class action filed on behalf of all Minnesota residents who used the lender’s website to obtain a payday loan during a specified time period.
PYMNTS
JANUARY 2, 2020
Sezzle — a “buy now, pay later” (BNPL) company based in Minnesota, but listed in Australia — was denied a crucial lending license from California. Afterpay released a statement confirming approval of its own California lending license six weeks ago, upping its shares by 4.6 The company offers U.S. ”
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
CFPB Monitor
OCTOBER 17, 2022
3) grants Congress the power “[t]o regulate Commerce. Companies that engage in cross-border lending should continue to closely monitor decisions involving the dormant Commerce Clause since the law in this area continues to evolve. The Commerce Clause (U.S. I, § 8, cl. The same could be said here. Also, just last week, the U.S.
Abrigo
APRIL 21, 2020
Key Takeaways Financial institutions have 10 calendar days to disburse PPP loans To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. SBA Lending.
PYMNTS
JUNE 24, 2016
This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending . Walmart Pay.
Independent Banker
NOVEMBER 30, 2021
Between the [Trump] administration and Congress and the regulators, they did a terrific job of allowing banks to work with their borrowers,” says Jeff W. Another option would be to do a separate loan to amortize those deferred payments, which again would be dependent on regulators, he adds. Dick, chairman and CEO of $1.7
CFPB Monitor
NOVEMBER 2, 2015
A recent decision by the Minnesota Supreme Court serves as a painful reminder to Internet lenders of the perils of relying on choice-of-law provisions or arguments citing the Commerce Clause of the U.S. The Minnesota Supreme Court joined the 10th Circuit which, under similar facts in Quik Payday Inc. Kaplinsky.
Expert insights. Personalized for you.
60 
Let's personalize your content