Small Dollar Lending and Alternative Consumer Financial Services

Small Dollar Lending and Alternative Consumer Financial ServicesFederal & State Compliance

Lawyers in our Small Dollar Lending and Alternative Consumer Financial Services practice area assist clients in the following industries with federal and state compliance:

  • Bank servicers
  • Check cashers
  • Credit service organizations
  • Internet lenders
  • Lead generators
  • Money transmitters
  • Open-end credit providers
  • Pawnbrokers
  • Payday lenders
  • Payment processors
  • Rent-to-own
  • Small dollar lenders
  • Tax refund providers
  • Title lenders
  • Tribal service organizations

In addition to giving advice on what to expect with the emerging Consumer Financial Protection Bureau rule governing payday, title, and similar installment lenders, lawyers in this practice area advise clients on federal and state lending and consumer protection laws, including the following laws (for example):

  • Bank Secrecy Act (BSA)/anti-money laundering issues
  • CAN-SPAM Act
  • Children's Online Privacy Protection Act
  • Consumer Checking Account Equity Act
  • Consumer Leasing Act (CLA) and the Consumer Financial Protection Bureau (CFPB) and Federal Reserve Board (FRB) versions of Regulation M
  • Credit Repair Organizations Act
  • Dodd-Frank Wall Street Reform and Consumer Protection Act
  • Electronic Fund Transfer Act (EFTA) and CFPB Regulation E
  • Electronic Signatures in Global and National Commerce Act (ESIGN)
  • Equal Credit Opportunity Act (ECOA) and CFPB Regulation B
  • Expedited Funds Availability Act (EFAA) and FRB Regulation CC
  • Fair Credit Reporting Act (FCRA) and CFPB Regulation V
  • Fair Debt Collection Practices Act (FDCPA) and state collection practices acts
  • Federal Trade Commission Act
  • Gramm-Leach-Bliley Act (GLBA) and the Privacy and Safeguards Rules
  • Servicemembers Civil Relief Act (SCRA) and the Military Lending Act
  • Telemarketing and Consumer Fraud and Abuse Prevention Act and the Telemarketing Sales Rule (TSR)
  • Telephone Consumer Protection Act (TCPA) and implementing Federal Communications Commission (FCC) regulations
  • Truth in Lending Act (TILA) and the CFPB and FRB versions of Regulation Z, and comparable state laws regulations