Quantcast
"The difficulty for CFSA is that they're not challenging specific laws or rules, they're challenging regulatory guidance and investigations," said Ron Rubin, a partner at Hunton & Williams.

Lawsuit Signals Strategic Shift by 'Choke Point' Critics

Payday lenders are raising the stakes in their pushback on Operation Choke Point with a lawsuit against banking regulators, alleging that "back-room pressure of banks" to dissolve longstanding relationships with payday shops and others is unfairly harming the industry.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.