Lender Seeks Revisions to State’s Payday Lending Rules

A Washington state law that restricts payday loan marketing to poor families has caused the state’s payday lenders to lose three-quarters of their business in the five years since it was enacted, according to published reports. Collection & Credit Risk

By |2015-03-04T19:02:00-06:00March 4th, 2015|FDCPA|Comments Off on Lender Seeks Revisions to State’s Payday Lending Rules

CFPB Seeks Payday Lending Limits

The Consumer Financial Protection Bureau soon will release its first draft of regulations aimed at governing a wide range of short-term loans - including credit backed by car titles, some installment loans and often-criticized payday loan. Collection & Credit Risk

By |2017-05-20T11:45:12-05:00February 10th, 2015|FDCPA|Comments Off on CFPB Seeks Payday Lending Limits

High-Cost Auto Title Loan Lending Accelerates

More than 1.1 million households in the U.S. used auto title loans in 2013, according to a survey by the Federal Deposit Insurance Corp. - the first time the agency has included such loans in its annual survey. Collection & Credit Risk

By |2017-05-20T11:45:14-05:00December 29th, 2014|FDCPA|Comments Off on High-Cost Auto Title Loan Lending Accelerates

Wells Fargo Accused of Predatory Lending

A federal lawsuit filed Friday in Cook County, Ill. accuses Wells Fargo of disproportionately targeting minorities with high-cost mortgage loans, spurring a foreclosure crisis in the area. Collection & Credit Risk

By |2014-12-07T12:14:48-06:00December 7th, 2014|FCRA|Comments Off on Wells Fargo Accused of Predatory Lending

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