news.cuna.org/articles/106679-inside-washington

Inside Washington

July 8, 2015

WASHINGTON (7/8/15)--The Federal Trade Commission (FTC) has banned the operators of a payday lending scheme from the consumer lending business, the agency announced Tuesday. The settlements stem from charges brought by the FTC last year alleging that Timothy A. Coppinger, Frampton T. Rowland III and their companies targeted online payday loan applicants and, using information from lead generators and data brokers, deposited money into those applicants’ bank accounts without their permission. Under the proposed settlement orders, the defendants are banned from any aspect of the consumer lending business, including collecting payments, communicating about loans and selling debt ...

 WASHINGTON (7/8/15)--The Consumer Financial Protection Bureau has posted a recording of its latest Truth in Lending Act-Real Estate Settlement Procedure Act integrated disclosure (TRID) webinar. The most recent webinar was part five of the bureau’s ongoing series leading up to the TRID implementation date. This webinar features a look at implementation challenges and questions ...