January 13

Recent Compliance Issues: 12/26/15 – 1/8/15

1. The Dodd-Frank Act has empowered states to move against lenders engaging in deceptive, unfair or abusive acts or practices, according to principals of one of the nation’s leading law firms. State actions have focused on lenders involved in student, auto, and payday loans. It’s unclear whether states will regularly use this authority, but it.