The Consumer Financial Protection Bureau (CFPB) has indicated its intention to initiate a new rulemaking to effect the small business lending data collection mandated by the amendment of the Equal Credit Opportunity... Read more »
A trade association for providers of merchant cash advances (MCAs) and other revenue based financing has moved to stay, and toll the compliance deadlines under, the final small business lending data collection... Read more »
Image from Shutterstock. It’s a well-worn saying that the law always lags behind technology. It makes sense. We all remember the old song about how a bill becomes a law and how... Read more »
A magistrate judge of the US District Court for the Southern District of Florida has recommended rejecting a challenge by a trade association for providers of merchant cash advances (MCAs) and other... Read more »
The US Court of Appeals for the Fifth Circuit has stayed pending appeal, and tolled the compliance deadlines under, the final small business lending data collection rule the Consumer Financial Protection Bureau... Read more »
Representative Roger Williams of Texas has introduced legislation to repeal the loan data collection requirements established by Section 1071 of the Dodd-Frank Act. This section amended the Equal Credit Opportunity Act (ECOA)... Read more »
U.S. Supreme Court The U.S. Supreme Court’s decision on Jan. 17 upholding the federal law banning TikTok continues a long history of judicial deference to claims of national security. The ruling upholds... Read more »
U.S. Supreme Court The U.S. Supreme Court’s decision on Jan. 17 upholding the federal law banning TikTok continues a long history of judicial deference to claims of national security. The ruling upholds... Read more »
The FTC has announced proposed consent orders with Mobilewalla, Inc., Gravy Analytics Inc., and Venntel Inc., over allegations that their collection, use, and sale of consumers’ sensitive location data violated the FTC... Read more »
SBA Seeks Comments on Extending Required Data Collection Date for Paycheck Protection Program (PPP) Lenders