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Maine Law Court Provides Guidance Regarding Classification of Loans | Pierce Atwood LLP - Vimarsana News

Maine Law Court Provides Guidance Regarding Classification of Loans | Pierce Atwood LLP

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...

A New Colorado Bill Seeks To Subject More Fees To Consumer Credit Rate Caps | Husch Blackwell LLP - Vimarsana News

A New Colorado Bill Seeks To Subject More Fees To Consumer Credit Rate Caps | Husch Blackwell LLP

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...

Pa. man discontinues suit against auto-financier over its fee system - Vimarsana News

Pa. man discontinues suit against auto-financier over its fee system

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.

Man who alleged automobile financiers used 'pay-to-play' scheme may receive default judgment - Vimarsana News

Man who alleged automobile financiers used 'pay-to-play' scheme may receive default judgment

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.

Opportunity Finance goes on the offensive to fend off "True Lender" action by California regulator | Eversheds Sutherland (US) LLP - Vimarsana News

Opportunity Finance goes on the offensive to fend off "True Lender" action by California regulator | Eversheds Sutherland (US) LLP

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...