On Second Thought…CFPB Continues to Back Off; Dismisses Case Against Payday Lenders

Last Thursday the Consumer Financial Protection Bureau (CFPB) dismissed the case it had filed in April 2017 against four payday lenders. No reason was given. The case is CFPB v. Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc. and Majestic Lake Financial, Inc. (Civil Case No. 2:17-cv-02521-JAR-JPO)

The original complaint was filed April 27, 2017. You can download a copy here.

The case was dismissed without prejudice. You can download the dismissal notice here.

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