Court ruling deals payday lenders a hard blow
The Philadelphia Tribune
Tuesday, September 20, 2016
The fight for fair lending got a big boost on Aug. 31 when a federal court rejected a payday loan collector’s attempt to evade consumer laws. The decision against CashCall, a California-based online payday and installment lender, upheld the Consumer Financial Protection Bureau’s authority to investigate and fine lenders for unfair, abusive or deceptive practices. The court ruling is a key step in a legal battle that began nearly three years ago.