News Topic: Midland Funding v Madden

Attorneys general from 21 states say the measures would undermine their ability to enforce consumer protection laws. ... Read full article

Readers weigh in on whether or not banks should take a stand on gun control, opine on digital banking outages, reflect on banks building more branches in the internet age and more. ... Read full article

House legislation to reverse a federal court decision on state interest rate caps would increase access to credit, not expand predatory lending as critics have argued. ... Read full article

The legislation, introduced by Rep. Patrick McHenry, R-N.C., would essentially reverse a court ruling that marketplace lenders say has blocked them from helping more consumers access credit. ... Read full article

Lawmakers should reject a dangerous bill — scheduled for a House vote this week — that could make it easier for payday lenders to flourish. ... Read full article

The court decision regarding the “valid when made” doctrine moved us further away from creating a more effective and inclusive financial system. ... Read full article

Partnerships with financial technology companies could be effective in helping banks meet small-dollar credit demand, but those partnerships face a legal cloud. Thankfully Congress is considering adding needed clarity. ... Read full article

Most of the country has never heard of Madden v. Midland Funding, but the impact of the misguided court decision on consumers is far-reaching. ... Read full article

A long-term discussion about rethinking rules of the credit market is worth having, but for right now Congress should restore clarity by correcting the Second Circuit’s mistake. ... Read full article