Payday and Auto Title Lending 2017-10-12T13:38:34+00:00

payday and auto title lending

The short-term lending industry faces a rapidly evolving and demanding regulatory environment. No matter the size of your organization, we have the compliance tools and resources you need to satisfy regulatory requirements and create a culture of compliance.

payday and auto title lending

The short-term lending industry faces a rapidly evolving and demanding regulatory environment. No matter the size of your organization, we have the compliance tools and resources you need to satisfy regulatory requirements and create a culture of compliance.

compliance
management system

Compliance should be an essential part of any payday or auto title lender’s day-to-day operations. The CFPB expects all lenders to have a sound compliance management system (CMS) adapted to its business strategy and operations.

A CMS is the foundation of your compliance program. A CMS is how lenders establish compliance responsibilities, incorporate internal policies into business processes, and ultimately ensure that legal requirements are being met. The lack of a CMS – or even a deficient CMS – can increase the risk of regulatory violations and consumer harm, which may lead to a CFPB examination and penalties.

Our Payday & Auto Title Lending CMS contains policies that address the following Federal regulations:

  • Electronic Fund Transfer Act (“EFTA”)

  • Equal Credit Opportunity Act (“ECOA”)

  • Fair Credit Reporting Act (“FCRA”)

  • Fair Debt Collection Practices Act (“FDCPA”)

  • Gramm-Leach-Bliley Act (“GLBA”)

  • Privacy of Consumer Financial Information (“PCFI”)

  • Red Flags Rule

  • Military Lending Act (“MLA”)

  • Servicemembers Civil Relief Act (“SCRA”)

  • Telephone Consumer Protection Act (“TCPA”)

  • Truth in Lending Act (“TILA”)

  • Unfair, Deceptive and Abusive Acts and Practices (“UDAAP”)

Payday and Auto Title Lending CMS

our solution

Researching, drafting and maintaining policies and procedures on your own can be time-consuming and stressful. Our experienced industry experts and compliance professionals have done the hard work for you by preparing comprehensive, up-to-date policies and procedures to meet your specific regulatory and business needs. Our Compliance Management System solutions are designed specifically for the auto-title loan and payday industries and are easily customized, ensuring that your CMS reflects your organization’s unique practices and philosophy.

benefits

Save time and resources.

Save hundreds of hours in research and drafting time. Instead of allocating time and internal resources to developing policies, let us do the heavy lifting so you can focus your attention on growing your business.

Save outsourcing costs.

Meet regulatory requirements and strengthen your compliance program without spending a fortune to hire a consultant or law firm.

Affordable one-time purchase price.

Whether start-up, mid-size, or enterprise-level, the CFPB expects all supervised entities to comply with Federal consumer financial laws. We make enterprise-level compliance solutions accessible and affordable for organizations of all sizes.

Easily customizable.

The hard work has already been done. Add, delete, and modify the CMS to correspond with your organization’s internal policies and procedures.

Accurate and up-to-date.

Our comprehensive, up-to-date policies are compliant with applicable regulations and infused with best practices to help your organization grow safely and profitably.

Payday and Auto Title Lending CMS

our solution

Researching, drafting and maintaining policies and procedures on your own can be time-consuming and stressful. Our experienced industry experts and compliance professionals have done the hard work for you by preparing comprehensive, up-to-date policies and procedures to meet your specific regulatory and business needs. Our Compliance Management System solutions are designed specifically for the auto-title loan and payday industries and are easily customized, ensuring that your CMS reflects your organization’s unique practices and philosophy.

benefits

Save time and resources.

Save hundreds of hours in research and drafting time. Instead of allocating time and internal resources to developing policies, let us do the heavy lifting so you can focus your attention on growing your business.

Save outsourcing costs.

Meet regulatory requirements and strengthen your compliance program without spending a fortune to hire a consultant or law firm.

Affordable one-time purchase price.

Whether start-up, mid-size, or enterprise-level, the CFPB expects all supervised entities to comply with Federal consumer financial laws. We make enterprise-level compliance solutions accessible and affordable for organizations of all sizes.

Easily customizable.

The hard work has already been done. Add, delete, and modify the CMS to correspond with your organization’s internal policies and procedures.

Accurate and up-to-date.

Our comprehensive, up-to-date policies are compliant with applicable regulations and infused with best practices to help your organization grow safely and profitably.

Payday and Auto Title Lending CMS

compliance packages

Our Compliance Packages offer various combinations of compliance tools and resources. Each Compliance Package contains templates, checklists, step-by-step guides and other tools related to help you meet your compliance obligations.

Our Compliance Packages are developed by compliance professionals with years of experience and contain the most up-to-date insight on legal, regulatory and compliance issues. Designed to be used as a companion piece to our CMS solutions, our compliance packages and are valuable tools that will help you solve compliance challenges that often arise as you implement policies and procedures throughout your organization.

compliance packages

Our Compliance Packages offer various combinations of compliance tools and resources. Each Compliance Package contains templates, checklists, step-by-step guides and other tools related to help you meet your compliance obligations.

Our Compliance Packages are developed by compliance professionals with years of experience and contain the most up-to-date insight on legal, regulatory and compliance issues. Designed to be used as a companion piece to our CMS solutions, our compliance packages and are valuable tools that will help you solve compliance challenges that often arise as you implement policies and procedures throughout your organization.

document review services

To be effective, compliance professionals must have knowledge of regulatory requirements and a deep familiarity with the business context. It is important to ensure that all policies contain accurate, up-to-date information. With the seemingly never-ending stream of rulemaking and regulatory developments, staying current can be a challenge for any organization. In today’s regulatory environment where non-compliance can carry significant monetary and reputational risks, can your company afford to take any chances when it comes to the accuracy and dependability of your policies and procedures?

our solution

Our experienced industry experts can help you make sense of complex and evolving regulatory requirements. Our document review services are designed to strengthen and maximize the efficiency of your compliance program by addressing all areas of regulatory compliance and providing recommendations based upon industry best practices. All document reviews are conducted by an experienced compliance professional and/or attorney.

Our in-depth reviews include:

  • Policies and Procedures
  • Disclosures
  • Advertising and Marketing Campaigns

document review services

To be effective, compliance professionals must have knowledge of regulatory requirements and a deep familiarity with the business context. It is important to ensure that all policies contain accurate, up-to-date information. With the seemingly never-ending stream of rulemaking and regulatory developments, staying current can be a challenge for any organization. In today’s regulatory environment where non-compliance can carry significant monetary and reputational risks, can your company afford to take any chances when it comes to the accuracy and dependability of your policies and procedures?

our solution

Our experienced industry experts can help you make sense of complex and evolving regulatory requirements. Our document review services are designed to strengthen and maximize the efficiency of your compliance program by addressing all areas of regulatory compliance and providing recommendations based upon industry best practices. All document reviews are conducted by an experienced compliance professional and/or attorney.

Our in-depth reviews include:

  • Policies and Procedures
  • Loan Agreements
  • Disclosures
  • Advertising and Marketing Campaigns
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