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Former employee of short-term lender explains how it snared consumers in debt traps

Public Citizen

My name is Will Hancock and I’m a student at the University of New Mexico School of Law. I had the displeasure of working briefly for a short-term loan company in Albuquerque. I noticed that most of these “recurring incomes” were payments from the social security office.

Lender 87
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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On August 8, the Office of the Comptroller of the Currency (OCC) issued a bulletin to provide banks with guidance regarding the applicability of the legal lending limit to purchased loans. The decision establishes a determination of the amended CCPA’s equivalence with the Data Protection Law, DIFC Law No. On August 8, the U.S.