CFPB Examination - Module 3: Payment Processing and Sustained Use

Dec 19, 2018 Admin

Over the last couple of weeks I’ve covered the details surrounding Module 1, Marketing, and Module 2, Application and Originations, of the Consumer Financial Protection Bureau.  And now it’s time to move on to Module 3, Payment


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The Age of Mobile: Is your Short-term Lending Business Prepared?

Dec 14, 2018 Todd Milner

What can you do in a payday lender storefront that you can't do with mobile phone short-term lending?  I can't think of a thing!  We’ve reached the age of mobile and it’s rapidly becoming an individual necessity in the


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CFPB Examination - Module 2: Application and Originations Explained

Mar 07, 2012 Admin

Last week I covered Module 1, Marketing, of the Consumer Financial Protection Bureau’s Examination guidelines and so this week I like to move ahead to Module 2 of the examination.  Application and Originations.  Applications


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Consumer Financial Protection Bureau Examination - Module 1: Marketing Explained

Feb 29, 2012 Admin

When the Consumer Financial Protection Bureau audits or reviews a payday or short term lending firm, they will look for a variety of risk factors associated with fraudulent or unethical lending. In the ever-changing world of online short term


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ODFI Fraud Risk: Not Just a Merchants Problem

Feb 15, 2012 Admin

ACH fraud is not an issue which affects consumers and businesses alone – there is also originating depository financial institutions (ODFI) fraud risk.  Anyone who has completed a transaction via phone or internet to pay for goods


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