Federal bank regulatory agencies have served notice that deposit advance products, sometimes known as bank “payday loans,” will soon be subject to significant new restrictions and heightened supervisory scrutiny. In...more
5/6/2013 - Compliance Deposit Advances Equal Credit Opportunity Act FDIC Federal Reserve FTC OCC Payday Loans
Among the consumer law changes made by the Dodd-Frank Wall Street Reform and Consumer Protection Act ("DFA") were new protections for consumers who send funds to consumers or businesses located in other countries. They...more
11/13/2012
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