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Category: Press release |
Published

Bureau Of Consumer Financial Protection Settles With Defendants In Hydra Group Payday Lending Case

Today a federal district court in the Western District of Missouri entered an Order effectuating a settlement between the Bureau of Consumer Financial Protection (Bureau) and Richard Moseley, Sr., Richard Moseley, Jr., and 20 interrelated corporate entities controlled by Moseley, Sr. and Moseley, Jr., in the Bureau’s lawsuit regarding the unlawful origination and servicing of short-term, small-dollar online loans to consumers nationwide.

Category: Press release |
Published

Miss April Statement on Payday Rule

The Bureau of Consumer Financial Protection (Bureau) today issued the following statement on the Payday Rule:
"January 16, 2018 is the effective date of the Bureau of Consumer Financial Protection’s final rule entitled “Payday, Vehicle Title, and Certain High-Cost Installment Loans”"(“Payday Rule”). The Bureau intends to engage in a rulemaking process so that the Bureau may reconsider the Payday Rule.