On May 1, 2026, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) issued its final rule substantially revising subpart B of Regulation B, which implements section 1071 of […]
CFPB Finalizes New 1071 Small Business Lending Rule – Key Takeaways | Baker Donelson
After a presidential election that resulted in changed policy objectives at the Consumer Financial Protection Bureau (CFPB), on May 1, 2026, the agency issued a new final rule […]
Klover Accused of Predatory Lending Practices in Class-Action Suit
A U.S. Army staff sergeant filed a class action complaint in Cook County Circuit Court last week, alleging the fintech company Klover engaged in predatory lending practices in […]
Cash Advance Apps Slammed With Class Actions Alleging ‘Predatory’ Lending to Military Service Members
Who Got The Work Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior […]
$1B Settlement to Resolve Allegations of ‘Predatory’ Lending Cancels $534M in Small-Business Debts
Yellowstone Capital, a defunct cash-advance company that was assumed by Delta Bridge Funding and Cloudfund, agreed to wipe out the debt of its small-business clients as part of […]
Rimon Deepens Global Lending Practice With Group From Akin
In search of greater autonomy over their financing practice, three Akin Gump Strauss Hauer & Feld partners have joined distributed firm Rimon in London and Washington, D.C., with […]