This Thursday, July 10, Massachusetts Attorney General Andrea Joy Campbell announced a $2.5 million settlement with a company that offers education financing products based in Delaware. ...more
7/14/2025
/ Algorithms ,
Artificial Intelligence ,
Borrowers ,
Consumer Protection Laws ,
Discrimination ,
Enforcement Actions ,
Fair Lending ,
Lenders ,
Machine Learning ,
Settlement ,
State Attorneys General ,
Student Loans
Welcome to the “Payday and Small-Dollar Lending” chapter of our annual report, Consumer Financial Services: 2024 Year in Review.
We expect the level of enforcement and regulatory activity in the payday and short-term...more
On February 20, 2024, California Attorney General Rob Bonta issued a letter warning California-chartered banks and credit unions with assets under $10 billion that charging surprise overdraft fees and returned deposited item...more