Category Archives: Cash And Title Loans

New Era for Payday Lending: Regulation, Innovation and also the Road Ahead

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New Era for Payday Lending: Regulation, Innovation and also the Road Ahead

Aided by the development of the customer Financial Protection Bureau (CFPB) underneath the Dodd–Frank Act this year, loan providers whom provide cash advance items come under the direct direction of the federal regulatory authority. Once we move forward into this period of federal oversight of pay day loans as well as other small-dollar loan items, there was a vital requirement for imaginative collaboration involving the personal, not-for-profit and economic technology (fintech) sectors so that you can efficiently provide the monetary requirements of low- and moderate-income (LMI) people. Continue reading