CFPB Monitor

NOVEMBER 14, 2014

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

Delaware 84

Delaware Cards Regulation Lending 84

CFPB Monitor

FEBRUARY 3, 2022

The decision could have significant implications for all providers of consumer credit whose operations involve cross-border lending. In TitleMax of Delaware, Inc. Constitution. In concluding there was no Commerce Clause violation, the Third Circuit expressly refused to follow the Seventh Circuit’s decision in Midwest Title Loans, Inc.

Pennsylvania 147

Pennsylvania Analysis Security Indiana 147

Independent Banker

FEBRUARY 24, 2016

Talk about your captive regulator! Even more obviously absurd, one provision would allow community credit unions in seven states—Montana, Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming—to serve their entire state. When credit unions say “jump,” the NCUA says, “how high?”.

South Dakota 70

South Dakota North Dakota Montana Wyoming 70

PYMNTS

MARCH 31, 2017

That might impact not just office space, but lending activities and even FinTech. Learning experiences have included $185 million in fines and penalties from regulators (including the CFPB) and a few rounds of public excoriation for its executives on Capitol Hill. Auto lending is big business for Santander — it is $38.5

Samsung 100

Samsung ATM Massachusetts Fraud 100

CFPB Monitor

NOVEMBER 2, 2015

Constitution did not preclude Minnesota from applying its payday lending law to loans consummated in Delaware that are made to Minnesota residents over the Internet. Constitution to avoid application of a borrower’s home state law. In its decision, the Supreme Court ruled that the Commerce Clause of the U.S.

Minnesota 60

Minnesota Delaware Massachusetts New York 60

CFPB Monitor

OCTOBER 13, 2020

For example, the Marketplace Lending Association, a trade association for banks and companies that cap rates at 36% per annum on their loans, wrote: “without access to affordable credit, consumers will be in danger of being ensnared in high cost or predatory debt traps.”.

Lending 60

Lending Colorado FDIC National 60

Lex Sokolin

JULY 1, 2019

fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. how the interest is generated and whether this is regulated banking activity, we’ll leave for another time. Finance in motion— $1B moved for $0.02 We are here.

Bitcoin 40

Bitcoin System Software blockchain 40