CFPB Monitor
OCTOBER 17, 2022
In a recent press release , the Pennsylvania Attorney General announced that settlements have been reached with Delaware and Florida lenders who made allegedly usurious loans to Pennsylvania residents. In apparent support of the settlement, the press release cites the Third Circuit’s decision in TitleMax of Delaware, Inc. I, § 8, cl.
CFPB Monitor
NOVEMBER 14, 2014
Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).
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CFPB Monitor
FEBRUARY 3, 2022
The decision could have significant implications for all providers of consumer credit whose operations involve cross-border lending. In TitleMax of Delaware, Inc. Constitution. In concluding there was no Commerce Clause violation, the Third Circuit expressly refused to follow the Seventh Circuit’s decision in Midwest Title Loans, Inc.
Independent Banker
FEBRUARY 24, 2016
Talk about your captive regulator! Even more obviously absurd, one provision would allow community credit unions in seven states—Montana, Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming—to serve their entire state. When credit unions say “jump,” the NCUA says, “how high?”.
Independent Banker
SEPTEMBER 26, 2014
That is why we are calling on regulators to make the most of the latest mandatory review of federal banking rules. The agencies are required to study their regulations for dead weight every 10 years under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Starting fresh. Community Bankers Chosen as CFPB Advisors.
CFPB Monitor
NOVEMBER 2, 2015
Constitution did not preclude Minnesota from applying its payday lending law to loans consummated in Delaware that are made to Minnesota residents over the Internet. Constitution to avoid application of a borrower’s home state law. In its decision, the Supreme Court ruled that the Commerce Clause of the U.S.
Lex Sokolin
JULY 1, 2019
fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. how the interest is generated and whether this is regulated banking activity, we’ll leave for another time. Finance in motion— $1B moved for $0.02 We are here.
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