Congress repeal highlights issues with subprime bank lending partnerships
Following action by bipartisan majorities in the House and Senate, President Joe Biden enacted a…
Browsing: Predatory Lenders
Stop in the Name of the Real Lender: President Biden Repeals the OCC’s Real Lender Rule | Morrison & Foerster LLP
On June 30, 2021, President Biden signed a Congressional Review Act (CRA) resolution repealing the…
Representative Maloney Reintroduces Overdraft Protection Law
U.S. Representative Carolyn Maloney (D-NY) this week reintroduced legislation to crack down on abusive overdraft…
President Biden signs bipartisan bill to curb predatory lending
In recent years, consumer credit protections have withered due to a series of harsh attacks…
Biden signs repeal of OCC’s “real lender” rule
WASHINGTON – President Biden has approved Congress repealing a regulation designed to facilitate partnerships between…
President signs Van Hollen and Brown legislation to repeal Trump-era rent-a-bank rule
June 30, 2021 Law rescinds rule allowing predatory lenders to circumvent borrower protection laws and…
Biden suggests Maxine Waters run for Senate, urges Nancy Pelosi to ‘continue’
President Joe Biden encouraged California Representative Maxine Waters to run for the Senate at a…
House approves repeal of Trump-era True Lender Rule
The US House has passed a resolution to repeal the Trump administration’s real lender rule…
Trump Era Payday Lender Regulations Repealed | Business
NEW YORK • Congress on Thursday overturned a set of regulations enacted in the closing…
Congress takes action to prevent lenders from charging exorbitant interest rates
EasyPay Finance, a consumer lender that charges very high interest rates, may soon find it…