Payday Lending Regulation and Enforcement | Practical Law

Payday Lending Regulation and Enforcement | Practical Law

A Note discussing the consumer regulations that apply to short-term, small-dollar loan transactions, commonly referred to as payday loans. This Note also summarizes the federal government enforcement activity to date in the payday lending market. Finally, this Note contains guidance for a financial institution to develop a compliance risk management system for its payday lending business.

Payday Lending Regulation and Enforcement

Practical Law Practice Note 6-618-6937 (Approx. 15 pages)

Payday Lending Regulation and Enforcement

by Practical Law Finance
MaintainedUSA (National/Federal)
A Note discussing the consumer regulations that apply to short-term, small-dollar loan transactions, commonly referred to as payday loans. This Note also summarizes the federal government enforcement activity to date in the payday lending market. Finally, this Note contains guidance for a financial institution to develop a compliance risk management system for its payday lending business.