How do the new CFPB regulations impact the QCash Financial Platform and credit unions?
In late 2017, the Consumer Financial Protection Bureau (CFPB) finalized new regulations for small dollar loans and payday lending.
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Does QCash help provide military members payday loans?
Credit unions that serve military members can be assured that QCash, the short-term, small dollar lending platform, offers compliant loans that meet military and Consumer Financial Protection Bureau (CFPB) regulatory requirements, especially for the military select employee group (SEG). So if you want to provide Military Members Payday Loans, this post is for you.
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How do I update my payday loan truth in lending disclosures?
A question I often receive from credit unions involves regulatory concerns in operating payday loan truth in lending requirements. Credit Unions often want to know how small dollar loan Truth in Lending disclosures are updated and maintained in our Digital Small Dollar Lending Platform. If you have this concern – then this article is for you!
Read MoreWill my credit union maintain CFPB compliance with the QCash short-term, small dollar lending platform?
If you are a Credit union interested in the QCash, short-term, small dollar lending program, and want to make sure that you are meeting CFPB compliance or meeting Consumer Financial Protection Bureau (CFPB) regulations - this post is for you.
Read MoreWhat Is A Digital Small Dollar Lending Platform?
When I tell people that QCash is a digital small dollar lending platform, they often ask what I mean by that. Here are a few highlights...
Read MoreIf payday lenders disappear, will Americans survive?
According to a recent survey conducted by CareerBuilder, eight out of 10 Americans live paycheck to paycheck. They are not able to save money for an unexpected expense. Most financial advisors recommend three to six months of living expenses in a savings account. Yet, 35% of Americans have fewer than $500 in savings. If you want to help your credit union members - read this article to learn about how becoming payday lenders can help the credit union and the…
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How QCash made CFPB lending regulations credit union friendly.
If you work for a financial institution and have concerns about both the public perceptions of payday lending and the CFPB lending regulations – this article is for you.
Read MoreWhy did WSECU start offering small dollar loans?
How did QCash begin? It’s an excellent story about a front line employee living the motto of people helping people.
Read MoreIf Not Us, Who? Reacting to the Decision on CFPB Payday Lending.
The Consumer Financial Protection Bureau recently released its finalized CFPB payday lending rule that will make it very burdensome for lenders to offer loans with an interest rate higher than 36 percent APR and with a loan term shorter than 45 days after July 2019, when the rule goes into effect. This ruling will have a profound impact...
Read MoreThe four elements of financial well-being according to the CFPB.
The CFPB or the Consumer Financial Protection Bureau recently published a report titled “Financial Well-Being in America” that discusses the four elements of financial well-being, and how Americans of different income levels display varying levels of financial wellness. Two of the CFPB’s most important conclusions...
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