Small Dollar Lending and Alternative Consumer Financial Services

Small Dollar Lending and Alternative Consumer Financial Services Federal & 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