Financial Services Perspectives. Regulatory, conformity, and litigation developments into the economic solutions industry

Financial Services Perspectives. Regulatory, conformity, and litigation developments into the economic solutions industry

Residence vehicle Finance CFPB problems Final Rules on Payday and Vehicle Title Loans—minimal Impact for Auto Lenders

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

The customer Financial Protection Bureau (CFPB) issued its last guideline on payday, car name, and high-cost that is certain loans. The brand new rule is effective in 2019 and imposes strict underwriting demands and re re payment limitations on particular covered loans. Make sure you review our blog that is previous post Releases Long Awaited Small Dollar Rule: 5 Things you must know” for additional information. (more…)