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Consumer Protection Laws › Usury › Financial Services Industry

Hudson Cook, LLP

Does the Recent Earned Wage Access Law Change the Regulatory Environment in Arkansas?

Hudson Cook, LLP on

The Arkansas legislature recently passed House Bill 1517, which creates an earned wage access law in the state. It will be one of the relatively few such laws in the country. One interesting question is whether the law...more

Orrick, Herrington & Sutcliffe LLP

Philadelphia court receives usury claim against payday loan company

Orrick, Herrington & Sutcliffe LLP on

On March 11, a class action lawsuit was filed in the Philadelphia County Court of Common Pleas against a financial technology company offering cash advances up to $200 through a lending app. The lawsuit alleged the company...more

Ballard Spahr LLP

NYDFS calls for application of NY usury limits to all online lending and more regulation in online lending report

Ballard Spahr LLP on

The New York Department of Financial Services (NYDFS) has issued an Online Lending Report that calls for the application of New York usury limits to all online lending and increased regulation of online lenders making loans...more

Cadwalader, Wickersham & Taft LLP

Marketplace Lending Update: Who’s My Lender?

Cadwalader, Wickersham & Taft LLP on

Over the last several weeks, two notable cases in federal court challenging certain aspects of the business model of marketplace lending companies headed down separate paths. ...more

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