Archive for the '4761' Category

Madden v. Midland Funding: Turns Fintech & Payday Loan Industry Upside Down?

Thursday, July 14th, 2016

Should non-bank debt purchasers who buy loan portfolios from Fintech, tribe payday lenders, and national banks make certain the usury rates of these portfolios do not exceed State maximum interest rates? Do these portfolios require lower valuations when the borrowers reside in the┬áSecond Circuit (Connecticut, New York and Vermont)? Will access to credit to residents […]