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"A decision by the US Supreme Court on Monday to not hear a controversial court case is a blow to the online lending industry, and will hamper both new issuance of marketplace loan ABS as well as the liquidity of outstanding MPL bonds and loans, according to sources.", www.globalcapital.com
"Yesterday, the U.S. Supreme Court decided not to review a Second Circuit decision that found state usury laws applied to debt that had been purchased from a national bank. The case was significant for debt buyers, as it would have simplified decisions regarding applicable interest rates.", www.insidearm.com
"Source: ThinkstockThe U.S. Supreme Court on Monday refused to hear an appeal from a branch of the Encore Capital Group Inc. (NASDAQ: ECPG) to stop a class-action lawsuit against the firm which had claimed that it should be protected from state usury laws that prohibit lending at very high interest rates. Encore’s Midland Funding and […]", 247wallst.com
"The U.S. Supreme Court onMonday allowed a class-action lawsuit against debt collectorEncore Capital Group Inc to move forward, declining tohear its claim that such companies should be protected fromstate 'usury' laws barring money-lending at unreasonably highinterest rates.", in.reuters.com