Madden v. Midland Funding Fix for Lenders and Debt Buyers: Huge Deal!
Published: Fri, 02/16/18
THIS IS HUGE!
A fix for Madden v. Midland Funding! This has serious implications for all lenders, debt collectors, tribes, online lenders, B & M’s…
Recently, the United States Congress passed the “Protecting Consumers’ Access to Credit Act of 2017 (HR 3299), otherwise known as the “Madden Fix” bill.This bill would restore the “Valid when Made” doctrine meaning that if a loan was valid when it was made it does not become invalid when assigned to another party regardless of state usury laws.
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http://www.paydayloanuniversity.com/madden-v-midland-funding-fix-for-lenders-and-debt-buyers-huge-deal/