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

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

The CFPB announced so it has entered as a permission purchase 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 reality in Lending Act while the 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 interest levels are unconscionable

The Ca Department of company Oversight (DBO) has filed an administrative enforcement action against a name loan provider for so-called violations of Ca legislation and established a study into whether or not the rates of interest charged by the financial institution are unconscionable. Continue reading “CFPB goes into into permission order with small-dollar loan provider to stay alleged TILA and UDAAP violations”