Small Creditor Lending news and trends

CFPB Finalizes Responsible Small Creditor Lending Rules

September 22, 2015
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CFPB Finalizes Responsible Small Creditor Lending Rules

September 22, 2015
The CFPB has finalized a set of rules aimed at driving responsible lending from small creditors, following a proposal that was introduced in January. As part of the new rules pushed forward by the bureau, there are also more provisions to allow for smaller lenders to provide credit, which can help address credit lending issues […]