Wyoming allows state board to use NMLS to assist in regulation of debt collection industry

Insights

On March 12, the Wyoming governor signed SF 26, which amends the preexisting licensing law to authorize the state’s collection agency board to use information from, and furnish information to, the nationwide multistate licensing system (NMLS) to assist in the regulation of the debt collection industry. In addition, among other things, SF 26 allows the board…

John Kromer quoted in PennRecord article, “Commonwealth Court Rules Against Florida Online Lenders”

In the News

John Kromer was quoted in Katie Rucke’s PennRecord article, “Commonwealth Court Rules Against Florida Online Lenders,” on March 21, 2016. A recent Commonwealth Court decision against Florida-based companies should serve as a warning to lenders that do business over the Internet, a Washington, D.C., attorney says. The Commonwealth Court earlier this year upheld a cease-and-desist order first…