Financial Services Perspectives. Regulatory, conformity, and litigation developments into the services that are financial

Financial Services Perspectives. Regulatory, conformity, and litigation developments into the services that are financial

Regulatory, conformity, and litigation developments into the economic solutions industry

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CFPB problems Final Rules on Payday and car Title Loans—minimal Impact for Auto Lenders

The buyer Financial Protection Bureau (CFPB) issued its final guideline on payday, car title, and high-cost that is certain loans. The rule that is new effective in 2019 and imposes strict underwriting needs and payment limitations on particular covered loans. Make sure to review our past post “CFPB Releases Long Awaited Small Dollar Rule: 5 Things you should know” for additional information. Luckily, unlike the CFPB’s initial proposals, the rule that is final to possess not a lot of applicability to the majority of vehicle lenders. (tovább…)

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