Fifth Circuit affirms dismissal of TMX Finance Corp’s lawsuit challenging Pennsylvania interest-rate cap enforcement
By ABA Banking Journal Staff
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Operational Brief
The Fifth Circuit affirmed the dismissal of TMX Finance Corp's lawsuit challenging a $52 million enforcement action by Pennsylvania’s Department of Banking and Securities. The decision upholds the interest-rate cap enforcement in Pennsylvania.
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The article specifically discusses Pennsylvania regulations and does not mention Texas or any Texas-specific entities.
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In a unanimous decision, a Fifth Circuit panel affirmed the dismissal of TMX FCS’s lawsuit challenging a $52 million enforcement action by Pennsylvania’s Department of Banking and Securities (the Department) over its alleged lending practices. The post Fifth Circuit affirms dismissal of TMX Finance Corp’s lawsuit challenging Pennsylvania interest-rate cap enforcement appeared first on ABA Banking Journal .