Fintech is increasingly prevalent in the financial services marketplace, allowing providers to offer myriad innovative products and services that are dramatically changing how consumers can interact with financial service...more
On March 16, 2022, the Consumer Financial Protection Bureau ("CFPB") announced in a press release changes to its supervisory operations that may dramatically expand the reach of the CFPB's anti-discrimination mandate....more
Maryland Commissioner of Financial Regulation Asserts Action against Non-Maryland State Bank for Lending Without State License -
On January 21, 2021, the Maryland Commissioner of Financial Regulation filed an...more
On August 6, 2019, the New York Department of Financial Services Superintendent Linda A. Lacewell announced that the DFS will lead a multistate investigation into the payroll advance industry and allegations of unlawful...more
10/2/2019
/ Consumer Financial Products ,
Enforcement Actions ,
Financial Services Industry ,
Fraud ,
Interest Rates ,
Internet Lenders ,
Investigations ,
Loans ,
Multistate Investigations ,
NYDFS ,
Payday Loans ,
Payroll Advances ,
Usury ,
Vulnerable Victims