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CFPB goes into into consent order with small-dollar loan provider to stay alleged TILA and UDAAP violations

Четверг, 3 декабря 2020

CFPB goes into into consent order with small-dollar loan provider to stay alleged TILA and UDAAP violations

The CFPB announced so it has entered into a permission order with principal Street private Finance, Inc. and two subsidiaries (Main Street), each a lender that is small-dollar to stay the CFPB’s allegations that principal Street (1) violated the Truth in Lending Act in addition to CFPA’s UDAAP prohibition by underdisclosing the finance fee on auto-title loans entered …

CA Dept. of company Oversight files action against name loan provider for CA legislation violations; launches investigation into whether lender’s rates of interest are unconscionable

The Ca Department of company Oversight (DBO) has filed an enforcement that is administrative against a name loan provider for so-called violations of California legislation and established a study into if the rates of interest charged by the lending company are unconscionable.

Based on the DBO’s Accusation, the financial institution is certified beneath the Ca funding Law (CFL). Читать новость полностью…


 
 
   
 

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