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Orrick, Herrington & Sutcliffe LLP

Nevada regulates consumer lenders doing business remotely

Orrick, Herrington & Sutcliffe LLP on

On May 28, the governor of Nevada approved SB 437, establishing requirements for consumer lenders operating outside the state over the internet. Under the new law, an “Internet consumer lender” is defined as an entity that...more

Ballard Spahr LLP

CFPB files lawsuit against Internet payday loan companies

Ballard Spahr LLP on

The CFPB has filed a complaint in federal district court in New York against a group of commonly-controlled companies for allegedly engaging in unlawful conduct in connection with making payday loans over the Internet. With...more

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