Banking and Finance Law Daily Wrap Up, LOANS—Agencies file amicus brief to protect US servicemembers from predatory lending, (Jan 10, 2022)

By Timothy Isaiah Wiggins, J.D.

The brief urged a federal appellate court to overturn a trial court decision that undermines the MLA by allowing lenders to evade the rule by “creatively packaging an otherwise covered loan with an exempt loan.”

The Consumer Financial Protection Bureau, the Department of Justice, and the Department of Defe ...