Let me tell you about Consumer Finance Enforcement Watch

Let me tell you about Consumer Finance Enforcement Watch

CFPB Wins Judgment Against on the web Payday Lender in Lawsuit Alleging “Rent-a-Tribe” Scheme and Violations of State Usury Laws

the buyer Financial Protection Bureau (CFPB) obtained judgment that is summary a California-based online payday loan provider, its specific owner, its subsidiary, and a servicer of its loans, which allegedly utilized a “rent-a-tribe” scheme to prevent state usury and licensing laws and regulations in breach associated with customer Financial Protection Act.

Read More