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CFPB Settles with Payday Lenders for Deceptive Methods

CFPB Settles with Payday Lenders for Deceptive Methods

Regulatory, conformity, and litigation developments into the economic solutions industry

Home > Lending that is small-Dollar Settles with Payday Lenders for Deceptive methods

The other day, in CFPB v. NDG Financial Corp. et al., the customer Financial Protection Bureau (CFPB) joined in to a proposed settlement with a few payday loan providers and business officials situated in Canada and Malta. As history, the organization defendants contains a network of affiliated organizations, referred to as NDG Enterprise, which extended high-cost, short-term pay day loans on the internet to customers in every 50 states. Continue reading CFPB Settles with Payday Lenders for Deceptive Methods