On October 31, a Texas federal court ordered a stay in a Consumer Financial Protection Bureau (CFPB) enforcement action, pending the issuance of the Fifth Circuit mandate in Community Financial Services Association of America Ltd. v. CFPB, which declared the CFPB funding mechanism unconstitutional. In the enforcement action CFPB v. Populus Financial Group, Inc., the parties requested the stay since the mandate will control the resolution of key issues presented in the defendant’s pending motion to dismiss.
BOSTON — Massachusetts Attorney General Maura Healey today announced a settlement with a payment processing company over claims it assisted with the unlawful business practices of a debt settlement company that charged vulnerable consumers premature and inflated fees in violation of state and federal law.
According to the J.D. Power 2022 U.S. Consumer Financing Satisfaction Study, released today, rising interest rates, slowing loan and lease volumes, and increased competition are causing auto lenders to realize their most valuable future customers are the ones they already have.
The North Carolina Supreme Court, however, left untouched a pro-consumer decision in a case involving one of the country’s largest debt buyersit did so in a way that will have little impact on future litigation.
New York, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Peer-to-peer Lending Industry" - https://www.reportlinker.com/p05900042/?utm_source=GNW
Traditional P2P Model, one of the segments analyzed in the report, is projected to record 17.7% CAGR and reach US$99.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Marketplace Lending Model segment is readjusted to a revised 29.3% CAGR for the next 7-year period.
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