Category Archives: Choice-of-Law

DOJ Files Rico Charges Against Payday Lender, Attacks “Rent-A-Bank” & “Rent-A-Tribe” Tactics

On Monday, the US Attorney’s Office for the Eastern District of Pennsylvania charged Adrian Rubin of Jenkintown, PA, with one count of conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act, one count of conspiracy to commit mail fraud and wire … Continue reading

Posted in Assignor-Assignee, Choice-of-Law, Criminal Usury, Federal Court, RICO | Comments Off on DOJ Files Rico Charges Against Payday Lender, Attacks “Rent-A-Bank” & “Rent-A-Tribe” Tactics

Inapplicability of NBA Preemption Provision Leads to Choice-of-Law Questions

The Madden decision will likely lead to increased scrutiny of choice-of-law provisions where usury claims have been made. While the court of appeals’ decision has foreclosed Midland’s NBA preemption argument, the court did not decide whether the choice-of-law provision in the Madden’s original cardholder agreement … Continue reading

Posted in Choice-of-Law, Federal Court, National Bank Act | Comments Off on Inapplicability of NBA Preemption Provision Leads to Choice-of-Law Questions