The U.S. Supreme Court’s ruling in the Lucia v. SEC case likely will require the Consumer Financial Protection Bureau (CFPB) to rehear an administrative case it brought against a defunct online lender.
The bureau filed a notice of charges against Integrity Advance and CEO James Carnes in November 2015, alleging TILA, Electronic Fund Transfer Act (EFTA) and Consumer Financial Protection Act (CFPA) claims.
Read on for details from the joint court statement.
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