Predatory Lending

Court hears arguments about open records in payday loans case

"The dispute is about whether a watchdog group may obtain correspondence between a Kennesaw State University professor and a payday lending group that commissioned the university to conduct a study. The group, which calls itself the Consumer Credit Research Foundation, publishes reports favorable to the industry."

Georgia Supreme Court to Hear Open Records Case against Payday Lending Group that Bankrolled Favorable Academic Study at Georgia University

On February 1, 2018, CfA announced that the Supreme Court of Georgia is scheduled to hear oral arguments on Monday, February 5, 2018, in CfA’s case against the Consumer Credit Research Foundation, a payday lending nonprofit that funded a favorable academic study by a professor at Kennesaw State University.

CfA Calls on Federal Authorities to Investigate Steven Mnuchin’s OneWest Bank for Fraud

On January 6, 2017, CfA called on the Department of Justice and the Office of the Comptroller of the Currency to investigate OneWest bank for using potentially illegal tactics to foreclose on as many as 80,000 California homes.  Mr. Mnuchin, whom President-elect Trump has nominated for Secretary of the Department of the Treasury, previously served as the CEO of OneWest.

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