Topic
Payday Loans
319 published works
Regulatory Oversight
Payments Year in Review 2025: Federal and State Developments – Part 1
By Keith J. Barnett, Jason Cover, Carlin McCrory
In the first installment of a two-part Payments Year in Review series, hosts Keith Barnett, Carlin McCrory, and Jason Cover highlight the key federal developments that shaped the payments industry…
Missouri Lawyers Media
US watchdog says paycheck advances no longer subject to lending law
By Reuters
CFPB reverses guidance on earned wage advances, saying most paycheck advances are not loans under federal law and are exempt from Truth in Lending disclosures. The post US watchdog says…
ContractsProf Blog
ProPublica & Tennessee Lookout Report on Pay Day Lending in Tennessee
ProPublica has a long expose about a product called Flex Loan, legal in Tennessee since 2015. The reporting was a joint effort with Tennessee Lookout. Since the invention of the…
Consumer Finance Monitor
New York AG sues payday lenders MoneyLion and DailyPay
By John L. Culhane, Jr., Joseph J. Schuster
New York Attorney General Letitia James has sued payday lenders MoneyLion Inc. and DailyPay Inc. in New York state court, alleging that the two companies took advantage of tens of…
Consumer Finance and Fintech Blog
New York AG Sues Earned Wage Access Companies for Allegedly Unlawful Lending Practices
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
On April 14, New York Attorney General Letitia James announced two separate lawsuits against earned wage access providers—one against a company that issues advances directly to consumers, and another targeting…
Consumer Finance and Fintech Blog
CFPB Plans Limited Enforcement of Payday Lending Rule
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
On March 28, the CFPB announced that it will not prioritize enforcement or supervision of the remaining provisions of its Payday, Vehicle Title, and Certain High-Cost Installment Loans Regulation, which…
The Debt Lawyers Blog
What Are Payday Loans?
There are more types of loans available than ever before. You might be familiar with traditional personal loans from a bank or credit union, which can cover anything from home…
Consumer Finance Monitor
Appeals Court sets March 30, 2025 as effective date of CFPB payday lending rule
By John L. Culhane, Jr., Joseph J. Schuster, Ronald K. Vaske
A panel of the Fifth Circuit Court of Appeals has set March 30, 2025 as the effective date of the CFPB’s payday lending rule. The panel had previously set a…
Consumer Financial Services Law Monitor
Fifth Circuit Modifies Prior Order Staying the CFPB Payday Loan Rule to “Clarify” that the Compliance Date is March 30, 2025
By Jason Cover, Misha Tseytlin, Jeremy Rosenblum
In a shocking development yesterday, the U.S. Court of Appeals for the Fifth Circuit issued a per-curiam, single-sentence order purporting to "clarify" its prior stay of the compliance date for…
Consumer Financial Services Law Monitor
CFSA Seeks Clarification from Fifth Circuit of Required Compliance Date for CFPB Payday Loan Rule
By Jason Cover, Misha Tseytlin, Jeremy Rosenblum
On November 18, the plaintiff trade groups in Community Financial Services Association of America, Ltd.(CFSA) v. Consumer Financial Protection Bureau (CFPB) filed an Opposed Motion for Clarification of Stay Pending…