Defaulting on a bank loan in the UAE is regulated by the Commercial Code (federal decree-law No. (50) of 2022) and the Civil Procedure Law (federal decree-law No. (42) of 2022). Further, the Central Bank of UAE issued Loan...more
In a blog post published earlier this month, the CFPB warns consumers of the risks of buy-now-pay-later (BNPL) credit. The blog post was likely triggered by the spike in the use of BNPL during the COVID-19 pandemic...more
On June 6, 2016, the West Virginia Attorney General announced a settlement with a regional online lender over allegations that the lender’s business practices violated West Virginia’s Consumer Credit and Protection Act. The...more