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Wiley Consumer Protection Download (July 25, 2022) - Dodd-Frank, Consumer Protection Act

Welcome to Wiley's update on recent developments and what's next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission.

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CFPB Says Payday Lender Hid Free Repayment Plans

The Consumer Financial Protection Bureau on Tuesday filed suit in a Texas federal court against a private equity-owned payday lender for allegedly concealing free repayment plans from struggling borrowers and lying about the number of times it would try to debit borrowers' bank accounts for loan and fee repayment.

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