In the last few years, state legislatures have enacted legislation to curtail online bank lending in response to advocacy efforts by consumer activists.
Such programs, in which nonbank financial technology companies...more
2/21/2025
/ Banks ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Consumer Protection Laws ,
Financial Institutions ,
FinTech ,
Internet Lenders ,
Loans ,
New Legislation ,
Usury
Virginia's Interest and Usury Chapter (the "Chapter"), found in the Financial Institutions and Services Title of the Virginia Code, sets out basic rules for what rates of interest various entities may charge in the state. ...more
The world has been struck by an unthinkable humanitarian crisis - COVID-19. We have never seen anything like this before, and this virus impacts every aspect of our lives. It is in this environment that creditors seek...more
4/27/2020
/ Adjusted Gross Income ,
Anti-Discrimination Policies ,
Consumer Credit Protection Act (CCPA) ,
Consumer Lenders ,
Coronavirus/COVID-19 ,
Credit ,
Creditors ,
Disparate Treatment ,
ECOA ,
Fair Housing Act (FHA) ,
Fair Lending ,
FFIEC ,
Protected Class ,
Small Business Loans