Veritec Systems data reaction to Proposed CFPB Rules on Payday, car Title, and Certain High-Cost Installment Loans

Veritec Systems data reaction to Proposed CFPB Rules on Payday, car Title, and Certain High-Cost Installment Loans

Long-time provider of real-time regulatory solutions attracts on many years of experience & industry expertise to consider in from the possible negative effects for the CFPB’s proposed guidelines on payday & other loan that is high-cost.

Veritec Systems may be the industry frontrunner in real-time solutions that are regulatory.

Licensed lending that is small-dollar in states where Veritec manages real-time regulatory enforcement programs is 100% compliant with state rules protecting the buyer from unjust, misleading, and abusive techniques.

Jacksonville, Fla.

Veritec possibilities LLC, the industry frontrunner in real-time regulatory solutions, submitted reviews on October 6th in reaction towards 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 within a specified public comment period that extended through October 7, 2016. During this period, feedback might be submitted towards the Bureau through email, online entry, real mail, or hand distribution. Veritec possibilities reacted towards the CFPB’s request input, publishing 61 pages of comments online at laws on October 6, 2016. Continue reading Veritec Systems data reaction to Proposed CFPB Rules on Payday, car Title, and Certain High-Cost Installment Loans