Payment processors targeted in payday lender enforcement

Payday lending in the US is a growing industry that presents a number of opportunities for traditional financial institutions, as well as lessons to be learned from active regulatory enforcement. Katherine Armstrong and Mark W. Brennan of Hogan Lovells discuss the US payday lending industry and associated regulatory landscape, as well as recent enforcement actions - including one involving payment processors - and key takeaways for organisations participating in the payday lending market.

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