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State AG Modify Jan. 19-22, 2021 Weblog State AG Weblog

State AG Modify Jan. 19-22, 2021 Weblog State AG Weblog

Every week, Crowell & Moring’s State Attorneys General team shows actions that are significant State AG’s have actually taken. Listed below are this week’s updates.

Tuesday, January 19, 2021

  • President-elect Biden selected Federal Trade Commission user Rohit Chopra to lead the customer Financial Protection Bureau and previous Commodity Futures Trading Commission Chairman Gary Gensler to go the Securities and Exchange Commission. Both folks are likely to impose stricter regulation, and Chopra is anticipated to examine debt-collection that is existing payday financing guidelines to improve customer security.
  • Illinois Attorney General Raoul and Pennsylvania Attorney General Shapiro led a coalition of nine lawyers basic in case challenging a U.S. Department of work guideline wanting to get rid of the cap in the time a tipped worker could be needed to devote to non-tipped duties while getting the tipped below-minimum wage. The coalition is arguing that the guideline would end in workers’ recommendations basically being used in their companies.
  • Tennessee Attorney General Slatery announced a lawsuit against Labor Law Poster Service, Council for Corporations, LLC, ANS, Inc., and their operators for presumably mail that is sending l ked like through the government to Tennessee companies, demanding charges for papers that aren’t needed and breaking a 2007 Assurance of Voluntary Compliance. Continue reading State AG Modify Jan. 19-22, 2021 Weblog State AG Weblog

Report: Customer Protection. The report (part 3) updates a 1998 CFA survey in the customer expenses of payday financing and includes a study of 230 lenders that are payday in 20 states.

Report: Customer Protection. The report (part 3) updates a 1998 CFA survey in the customer expenses of payday financing and includes a study of 230 lenders that are payday in 20 states.

Show Me The Income

The state PIRGs and the Consumer Federation of America (CFA) have documented the effects of financial deregulation on American consumers throughout the 1990s. One result of deregulation of great interest prices, high charge card rates of interest and high bank costs happens to be the fast development of the alleged predatory lending (or fringe banking) industry, including check cashing outlets, cash advance organizations, rent-to-own shops, high cost 2nd home loan businesses, sub-prime car loan providers, old-fashioned pawn stores as well as the growing business of car name pawn companies. Continue reading Report: Customer Protection. The report (part 3) updates a 1998 CFA survey in the customer expenses of payday financing and includes a study of 230 lenders that are payday in 20 states.