Long-time provider of real-time regulatory solutions attracts on several years of experience & industry expertise to consider in from the possible negative effects associated with the CFPB’s proposed guidelines on payday & other loan that is high-cost.
Veritec possibilities may be the industry frontrunner in real-time solutions that are regulatory.
Licensed small-dollar lending activity in states where Veritec manages real-time regulatory enforcement programs is 100% compliant with state guidelines protecting the buyer from unjust, misleading, and abusive methods.
Jacksonville, Fla.
Veritec possibilities LLC, the industry frontrunner in real-time regulatory solutions, submitted feedback on October 6th responding into the Notice of Proposed Rulemaking on Payday, car Title, and Certain High-Cost Installment Loans released by the buyer Financial Protection Bureau (CFPB or Bureau).
The proposed guideline, released on June 1, 2016, solicited input through the public throughout a specified public comment period that extended through October 7, 2016. During this period, reviews might be submitted towards the Bureau through e-mail, online entry, real mail, or hand distribution. Veritec possibilities reacted to your CFPB’s ask for input, publishing 61 pages of remarks online at laws on 6, 2016 october.
For over fifteen years, Veritec has handled database that is regulatory spanning 14 states.