Payday Lender Legalities: Tips and Tricks for the AttorneyRead Time: 1 min
Lorman Banking Live Webinar
Many state legislatures either have already or are in the process of limiting, if not eliminating, payday lending. The Consumer Financial Protection Bureau (CFPB) has issued a report detailing its informal proposals to regulate payday lending at the federal level. Arthur Rotatori and Robert Savoi discuss the risks attendant to payday lending and design compliance products, and the legislative changes most likely to impact payday lenders’ business models in the near future.