Leadership, Lending, Marketing and South Carolina

NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

AUGUST 7, 2019

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies.

Industry

Industry Puerto Rico South Dakota North Dakota

Changes On Deck For The CFPB’s Payday Lending Rule

PYMNTS

JANUARY 22, 2019

Could it be that the CFPB, under new Executive Director Kathy Kraninger , will be moving directly to eliminate the more controversial provisions of its payday lending rule? In April, Mulvaney sided with two payday lending groups that sued the CFPB in an attempt to invalidate the regulatory restrictions created by the new rules.

Lending

Lending South Carolina Regulation Groups

Community Banking Brief

NY DFS announces multistate investigation of payroll advance industry

Changes On Deck For The CFPB’s Payday Lending Rule

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