CFPB Monitor
OCTOBER 3, 2019
On October 1, three trade groups filed a lawsuit in Nevada federal court challenging an amendment to Nevada law that allows an applicant for credit with no credit history to request that the creditor deem the applicant’s credit history to be identical to that of the applicant’s spouse during the marriage. See NRS 598B.060.
Independent Banker
JUNE 30, 2022
As we kick off this year’s lending issue, I want to pause for a moment to reflect on just how much lending has changed. I’ll be attending the 2022 Idaho, Nevada, Oregon and Washington Bankers Associations’ Annual Convention in Coeur d’Alene, Idaho, and meeting with ICBA’s board of directors. Where I’ll be this month.
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PYMNTS
DECEMBER 28, 2020
The COVID-19 outbreak has led to a sharp decrease in footfall, order volume, and bucket size within the food services segment,” InCred Head of SMB Lending Saurabh Jhalaria said, per the report. “In In this context, platforms such as Zomato have enabled physical businesses to recover seamlessly. We are happy to join hands with Zomato.”.
PYMNTS
MAY 22, 2020
After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the Federal Trade Commission (FTC) has charged a lending operation with overcharging customers and taking money from their bank accounts without authorization. La Posta Tribal Lending Enterprise; Ebisu Marketing, Inc.;
CFPB Monitor
JANUARY 5, 2021
On December 30, 2020, the CFPB announced a consent order with Omni Financial of Nevada, Inc. based on alleged violations of the Military Lending Act (MLA) and Electronic Funds Transfer Act (EFTA). This is the second consent order announced as part of a sweep of investigations for potential MLA violations.
American Banker
DECEMBER 30, 2020
The agency said Omni Financial in Las Vegas illegally required service members to designate a portion of their paychecks to repay loans, depriving of them of other payment options.
South State Correspondent
MAY 9, 2024
As can be seen, Georgia, California, and Nevada have the highest levels of probabilities of defaults and some of the highest increases. However, as banks tighten lending (as evidenced by the latest Senior Loan Officer Opinion Survey ), banks have stopped lending to many risky sectors.
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