Quyen Truong quoted in “CFPB, Payday Groups Again Denied Stay Of Payday Rule”
Quyen Truong, a partner in Stroock’s Financial Services Litigation, Regulation and Enforcement Group, was quoted in a Law360 article that discusses how a Texas federal judge has again turned down a request from the Consumer Financial Protection Bureau and two payday lender trade groups to stay the August 2019 compliance date of the agency’s payday rule, which puts restrictions on payday and other small-dollar lenders. To read the article, please click here (subscription required).
Quyen provides strategic counsel to financial institutions and investors confronting a complicated consumer finance regulatory environment — from helping them interpret, influence and comply with the law, to defending them against aggressive litigants and regulators. She crafts compliance programs and represents clients through all phases of government regulation, supervision and enforcement activities by the Consumer Financial Protection Bureau (CFPB), the Office of the Comptroller of the Currency (OCC), other banking and housing regulators, the Federal Trade Commission (FTC), the Department of Justice (DOJ), state Attorneys General and financial regulators.