Pre-CFPB Federal Regulation of Payday Lending

Pre-CFPB Federal Regulation of Payday Lending Before the enactment associated with Dodd-Frank Act (the Act), federal enforcement of substantive customer financing laws and regulations against non-depository payday lenders had generally been restricted to prosecution that is civil the Federal Trade Commission (FTC) of unjust and deceptive functions and methods (UDAP) proscribed by federal legislation. Though […]