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Iowa AG Usury Investigation into Bank Partnership Ends in Settlement | Sheppard Mullin Richter & Hampton LLP - Vimarsana News

Iowa AG Usury Investigation into Bank Partnership Ends in Settlement | Sheppard Mullin Richter & Hampton LLP

In December, a Utah-based bank and its service provider entered into an assurance of discontinuance with the Iowa Attorney General and the Iowa Division of Banking, settling an...

Iowa Attorney General Usury Investigation into Banking Partners - Vimarsana News

Iowa Attorney General Usury Investigation into Banking Partners

Utah-based bank and its service provider entered into an assurance of discontinuance with the Iowa Attorney General and the Iowa Division of Banking, settling an investigation into allegedly usurious installment loans around 1600 total that the bank made to Iowa consumers.

Iowa Targets Out-of-State Bank Partner For Usury, Shedding Light On State's Interpretation Of DIDMCA Opt-Out - Financial Services - Vimarsana News

Iowa Targets Out-of-State Bank Partner For Usury, Shedding Light On State's Interpretation Of DIDMCA Opt-Out - Financial Services

In December, the State of Iowa and the Iowa Division of Banking entered into an Assurance of Discontinuance ("AOD") with Transportation Alliance Bank, Inc. (the "Bank") settling claims...

Source: mondaq.com
Iowa Targets Out-of-State Bank Partner for Usury, Shedding Light on State's Interpretation of DIDMCA Opt-Out | Mayer Brown - Retained Interest - Vimarsana News

Iowa Targets Out-of-State Bank Partner for Usury, Shedding Light on State's Interpretation of DIDMCA Opt-Out | Mayer Brown - Retained Interest

In December, the State of Iowa and the Iowa Division of Banking entered into an Assurance of Discontinuance (“AOD”) with Transportation Alliance Bank, Inc. (the “Bank”) settling claims...

Utah-based bank to cease issuing high-interest loans, must refund Iowans after complaint from Iowa City couple - Vimarsana News

Utah-based bank to cease issuing high-interest loans, must refund Iowans after complaint from Iowa City couple

Lang 12/22/22 An Iowa City couple's complaint has led to a Utah-based bank agreeing to cease issuing loans in Iowa that exceed the state's interest rate cap.