A clear case of habeas corpus
August 23, 2008 | industry, regulation | Comments (0)Actually, the Payday Pundit is just showing off his legal smarts. This ruling from the 9th Circuit Court of Appeals says this:
…the federal Truth in Lending Act (TILA) [text] does not provide for statutory relief for a lender’s failure to conspicuously disclose certain information about a loan to the borrower and to give the borrower certain information before offering the loan.
So the payday lending industry’s transparency is above anything required by law.
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