CFPB Suit Targets Predatory Online Lending Practices

williams11-150x150E-Commerce Times
Mark Williams, School of Managsment

The Consumer Finance Protection Bureau this week put online finance companies on notice that it will not overlook them merely because they operate in cyberspace…

Expert quote:

“More and more, we are seeing financial products migrate to the Internet, so it is very important that regulators like CFPB take this stand. The bureau was created as a result of financial crisis, and its role is very broadly written to protect consumers.”

View full article