CFPB Hits Payday Lending Hard! Are They Teeing Us Up? |
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CHANGE IS COMING SOON. WILL YOU BE READY? |
April 26, 2013 Good Morning All,
Following
our email from yesterday regarding the attack by the CFPB
against payday lending, our law firm,
Ballard Spahr, attended
our weekly Borrow Smart Compliance workgroup planning meeting
yesterday to We recorded the webinar and will post that discussion for Borrow Smart Compliance members in the member section of our web site at www.BorrowSmartCompliance.com no later than Monday. Thanks.
Visit Our Compliance Site: www.BorrowSmartCompliance.com Questions or comments? Email us at admin@borrowsmartalabama.com Direct Tel: 205-733-9926
April 25, 2013 Good Afternoon,
Unless
you have been living under a rock for the last few days, you
probably In their press information they report on payday lending in connection with :
You must read the full release from the CFPB here to fully understand the impact of this message. This can be ominous -- and especially so if you do not have a CFPB compliance strategy in place! While our law firm at Ballard Spahr has summarized this quite well in this report from today, we do plan a special direct member update from them sometime later today or tomorrow. Stay tuned. Thanks.
Visit Our Compliance Site: www.BorrowSmartCompliance.com Questions or comments? Email us at admin@borrowsmartalabama.com Direct Tel: 205-733-9926
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