The Consumer Financial Protection Bureau has announced it does not intend to enforce its Payday Lending Rule. Source link 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 »
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 »
The Consumer Financial Protection Bureau (CFPB) has made available a beta platform for financial institutions to test data submissions under the CFPB’s final small business lending data collection rule. The CFPB issued... Read more »
The US District Court for the Southern District of Texas has denied a summary judgment motion to set aside the final small business lending data collection rule issued by the Consumer Financial... Read more »
On March 5, the New York Attorney General filed a lawsuit against a network of over 30 lending companies and their officers alleging their involvement in a predatory “merchant cash advance” lending scheme that... Read more »