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Credit, payment processors, and future enforcements after Sprint (Part 1)
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Case Law, Consumer Protection
Friday, January 23, 2015
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The current Consumer Financial Protection Bureau case against Sprint has raised some pretty tricky legal questions on the bureau’s regulatory reach. Although it may be a lawyer’s dream to discuss statutory interpretation, it can be an industry member’s nightmare. That is why Dodd Frank Update is revisiting the Sprint case in a two-part series this week. In Part 1, we discuss what it means to “extend credit.”
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