Loan providers will be limited on how a lot of either sort of loan they are able to render per customer per seasons, in line with the CFPB.

Loan providers will be limited on how a lot of either sort of loan they are able to render per customer per seasons, in line with the CFPB.

Collection Protections

The Bureau also tackled one of the more egregious and devastating aspects of small-dollar lending: collection practices while the proposed rule provides unique requirements for different lenders.

Presently, both short-term and longer-term loan providers frequently need use of customers’ checking, discount or prepaid accounts before issuing credit. 继续阅读“Loan providers will be limited on how a lot of either sort of loan they are able to render per customer per seasons, in line with the CFPB.”