What are the regulatory implications of implementing a small dollar loan program?
The American financial regulatory landscape is preparing for massive changes to small dollar lending programs. What does this mean for your credit union?
Read More Is there risk in quick click loans for credit unions?
Quick click loans for credit unions bring with them several forms of risk. Does the risk outweigh the reward for credit unions in the short-term lending marketplace?
Read MoreThe changing face of credit union small dollar lending platforms
Throughout the last year, several regulatory bodies have revisited their policies surrounding small dollar lending programs. How does this affect credit unions?
Read MoreWhat interest rate should a small dollar payday loan program charge?
What interest rate should a small dollar payday loan charge? While the financial services industry and its regulators debate what is the right APR for short-term, small dollar loans, Americans in need of relief wait. Their waiting comes with a cost – a big one.
Read MoreOutcomes won’t match intentions: the NCUA needs to keep it simple with Payday Alternative Loans (PALs).
While I’m happy to see the NCUA taking action on PALs, I’m equally concerned that our friends in Washington are making things a little too complicated.
Read MoreHow 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.
Read MoreDoes 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.
Read MoreHow 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 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 MoreHow 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 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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