While the federal regulatory outlook for small-dollar lenders has improved considerably, pitfalls continue to arise at the state level. Please join us for a discussion of recent activity in California, Colorado and Ohio with potentially disruptive consequences for the small-dollar loan industry.

Topics

• An overview of the recent changes to Ohio's small-dollar loan statute, and its impact on entities operating as "credit services organizations;"

• The timing and implementation of the changes to Ohio's statute as well as discussion of potential product offerings under it;

• The impact of the Supreme Court of California's De La Torre v. CashCall decision that interest rates on loans made under the California Financing Law may be unconscionable;

• States susceptible to similar attacks on high-cost loans using the reasoning of De La Torre;

• The status of a Colorado ballot initiative to limit "payday loans" to an APR of 36%; and

• An update on the status of the CFPB's small-dollar loan rule.