Skip to main content
Menu Icon

InfoBytes Blog

Financial Services Law Insights and Observations


Subscribe to our InfoBytes Blog weekly newsletter and other publications for news affecting the financial services industry.

  • Republican House Members Object To DOJ Online Lender Probe

    Consumer Finance

    Last week, a group of 31 Republican House Members reportedly submitted a letter to the DOJ and FDIC accusing the agencies of “intimidating some community banks and third party payment processors with threats of heightened regulatory scrutiny unless they cease doing business with online lenders.”  According to reports, the letter argues that the government’s actions effectively cut off access to lawful, short-term, high-interest loans available online. Several prominent online lenders have reportedly ceased their lending operations in response to similar pressure from state regulators.

    FDIC DOJ Community Banks Payment Processors


Upcoming Events