CFPB v CashCall: Court Weighs in on “True Lender” Status, Payments on Loans Rendered Uncollectible or Partially Void

(Before It's News)

“In a Sept. 1 memo on the ruling, Mayer Brown partners Steven Kaplan and Ori Lev said the ruling helps vindicate the CFPB’s position that collecting on loans that are partially void or uncollectible under state law is a violation of federal law.” ~ Ruling Boosts CFPB, Raises Marketplace Lending Questions In a significant decision, … Read more

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