Payday Loans/Deferred Deposit Products
Over the past several years, CSI has been instrumental in assisting payday lenders, title lenders and credit service organizations nationwide in complying the federal consumer protection laws and regulations affecting the payday loan and deferred deposit industry.
CSI’s services relating to non-bank financial institutions offering check cashing and payday loans include:
- Development of Regulation Z (The Truth In Lending Act) disclosure forms and other compliance-related forms
- Development of Regulation B (Equal Credit Opportunity Act) notices and related compliance matters.
- Compliance audits and reviews
- Assistance in correcting any deficiencies detected during our compliance reviews
- Onsite compliance training sessions
- Telephone and e-mail compliance "hot-lines"
- Ongoing off-site quality control compliance monitoring
- Assistance in the development and implementation of new or revised lending products
- Assistance during or after state and federal regulatory compliance examinations
- Development of compliance policies and procedures