Death by a Thousand Cuts Update on Small-Dollar Lending

Death By A Thousand Cuts: Update on Small-Dollar Lending
By Catherine M. Brennan, Justin B. Hosie, K. Dailey Wilson, and Erica A.N. Kramer
During the past year, small-dollar lenders continued to face increasing legal and regulatory scrutiny at the state and federal level.  One large lender blamed increasing regulatory pressure as the leading reason for ceasing to offer payday and title loans. This survey reviews some of the key investigation, enforcement, litigation, legislation, and rulemaking developments since August 2014