Fifth Circuit affirms dismissal of TMX Finance Corp’s lawsuit challenging Pennsylvania interest-rate cap enforcement
By ABA Banking Journal Staff
AI Summary
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.
Texas Relevance
The article specifically discusses Pennsylvania regulations and does not mention Texas or any Texas-specific entities.
Original Content
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 .