Ruling in payday loan case, Supreme Court curbs ability of FTC to obtain restitution
ABA Journal Daily News
ABA Journal Daily News
ABA Journal Daily News
As some developers find themselves overextended in a challenging market, opportunistic investors are waiting to pounce. In December, Kevin Maloney and Kamran Hakim gave up on a development site in Long Island City they'd spent nearly three years assembling. Foreclosure News
President Obama's work on behalf of consumers is a central part of his legacy. When he took office eight years ago, our country was in the midst of the worst financial crisis in generations-a crisis Wall Street built by cheating consumers. Foreclosure News
ABA Journal Daily News
Short-term “payday loans” can potentially be a real benefit to individuals like John Charette. The 47-year-old Maine man, like many Americans, has bad credit and… ABA Journal Daily News
Consumer advocates in Delaware have been fighting to regulate the state’s payday loan industry, which for years has been known for charging triple-digit interest rates. But a March 14 Court of Chancery ruling against payday loan company National Financial LLC has advocates saying a change could be coming. Foreclosure News
Wheeler K. Neff, 67, is a corporate and banking lawyer with “a spotless record with the Delaware bar” during his 40-year legal career, his lawyer… ABA Journal Daily News
Calling the terms of a $ 200 payday loan “unconscionable,” Delaware’s influential Court of Chancery voided it on Monday and awarded the borrower $ 3,240 in damages,… ABA Journal Daily News