Category Archives: early payday loan

TILA doesn’t impair a situation’s authority to modify or prohibit lending that is payday.

The commentary expounded upon the comments submitted regarding payday loans as follows under“Commentary Revisions“ of the March 2000 publication The Board proposed to include comment 2(a) (14)-2 to make clear that deals often called „payday loans“ constitute credit for purposes of TILA. Many commenters supported the proposal since they thought that payday advances are credit […]

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