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Payday Rule Spares Credit Unions

CFPB Finalizes Rule To Stop Payday Debt Traps

QCash Financial Call to Action: On October 5, 2017, the Consumer Financial Protection Bureau (CFPB) finalized a rule that is aimed at stopping payday debt traps by requiring lenders to determine upfront whether people can afford to repay their loans. The rule also restricts lenders’ repeated attempts to debit payments from a borrower’s bank account. QCash Financial is reviewing the rule for any potential impacts to our QCash products. We are confident that the impact to our clients will be minimal. We have a configurable platform that makes it easy to quickly adjust for regulatory and compliance requirements. We will be sharing the full assessment of the rule with our clients in the next two-three weeks.

CUNA, The Importance of Promoting Small-Dollar Lending and Employee Wellness

QCash Financial, Provider of Small-Dollar Lending Technology article featured on CU Business

Community Credit Union of Florida to offer Short-Term Small Dollar Loans – Powered by QCash Financial

How QCash is expanding small-dollar lending opportunities for CUs

Credit Union Innovation Requires Taking Risks

CU Insight