Banking institutions and Third-Parties struck with Tighter recommendations on payday advances

Banking institutions and Third-Parties struck with Tighter recommendations on payday advances WASHINGTON — Two regulators that are federal guidance Thursday on deposit-advance items that establish strict underwriting requirements for payday advances provided by banking institutions and any associated third-party merchant. The guidance calls for banking institutions to examine a debtor’s future payment ability for short-term …

Banking institutions and Third-Parties struck with Tighter recommendations on payday advances Lire la suite »