Consumer Credit Code News Today

In Franklin Savings Bank v. Bordick, issued on February 29, 2024, the Law Court reversed a decision of the Business and Consumer Docket (BCD) and remanded a personal property recovery...

Colorado is in the headlines again. On January 29, a bill was introduced in the Colorado legislature to include certain additional charges in the total amount of finance charges subject...

PITTSBURGH – A Pennsylvania man who alleged that a leading automobile financing company charges and collects illegal “pay-to-pay” fees from consumers statewide, in violation of the Commonwealth’s Consumer Credit Code, has discontinued his claims.

PITTSBURGH – A Pennsylvania man who claimed that a leading automobile financing company charges and collects illegal “pay-to-pay” fees from consumers statewide, in violation of the Commonwealth’s Consumer Credit Code, may receive a default judgment if an answer is not received by mid-April.

On March 7, 2022, Opportunity Finance (OppFi), a nonbank consumer lender, filed suit in Los Angeles Superior Court against the California Department of Financial Protection and...

The New Mexico House and Senate have both passed House Bill 132 which would create a 36% annual percentage rate (APR) cap on loans up to $10,000 made under the New Mexico Bank...

Maine amended the Consumer Credit Code to protect consumers from predatory and fraudulent lending practices, include an anti-evasion provision under which purported bank agents or service providers are deemed lenders for the purposes of statute.

Senate Bill 21-091 would allow sellers to assess a credit card surcharge of up to 2% per transaction to consumers.