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Insight Center: Publications

Update on the Short-Term Lending Industry: Government Investigations and Enforcement Actions

Authors: Richard P. Eckman, Richard J. Zack, Christina O. Hud, Jonathan N. Ledsky and Scott J. Helfand

Spring 2015
American Bar Association

ABSTRACT:

The short-term-lending industry has increasingly become the subject of government investigations and enforcement actions at both the federal and the state levels. While their initial focus was on the lenders themselves, the scope has now broadened to include affiliated third parties, including banks and third-party payment processors. This survey reviews these developments.