Agency: Consumer Protection Act Allows Investigation Of Tribes’ Payday Businesses

(November 13, 2017, 9:31 AM EST) -- WASHINGTON, D.C. — The Consumer Financial Protection Bureau “plainly” has jurisdiction to issue investigative demands to three tribal payday lending companies under the Consumer Financial Protection Act of 2010, so U.S. Supreme Court review of the companies’ challenge to the demands is not warranted, the bureau argues in a Nov. 6 response brief (Great Plains Lending, LLC, et al. v. Consumer Financial Protection Bureau, No. 17-184, U.S. Sup., 2017 U.S. S. Ct. Briefs LEXIS 4307)....