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Newsby StaffOctober 21, 2022

Michigan Judge Denies Carvana Request

A Michigan Court of Claims judge has denied Carvana's request for a temporary restraining order against Michigan Secretary of State Jocelyn Benson for suspending its Novi dealership operations.

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NewsNovember 10, 2016

South Dakota Voters Approve 36% APR Cap on Short-Term Loans

South Dakota voters approved an initiated measure aimed at capping interest rates on short-term loans in the state. Included in the cap are all charges for ancillary products and any other fees included in the extension of credit.

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NewsSeptember 22, 2016

CFPB Sues Five Arizona Auto-Title Lenders

The bureau charged the title lenders with violating the Truth in Lending Act for failing to disclose annual percentage rates in online loan advertisements. It is seeking civil monetary penalties and administrative orders requiring the companies to correct their practices.

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NewsAugust 16, 2016

Pew: CFPB Small-Dollar Rule ‘Would Not Adequately Protect Borrowers’

The Consumer Financial Protection Bureau’s small-dollar lending rule would neither adequately protect borrowers, nor address the risks created by the shift toward installment credit in the payday and auto title lending market, an analysis by Pew Charitable Trusts concludes.

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