Thought Leadership

“Simple interest” is far from simple—resulting in unexpected complications and misunderstandings in consumer lending. Prior to the digital lending age, many consumer credit disclosures and calculations were performed in a pre-computed environment. In Part 1 of this 2 - part series, we explore the differences between a pre-computed consumer credit contract and a simple interest computation relevant to both indirect retail installment sales and direct loan disclosures.

Lenders Aiming to Serve Their Customers Using Semi-Monthly Payment Products May Encounter Implementation Challenges. Regulations provide general guidance (not specifics) regarding calculations…

MILITARY LENDING ACT FAQ - Common Questions About the Military Lending Act and the MAPR Calculation

When the Dodd-Frank Wall Street Reform and Consumer Protect Act (Dodd-Frank) was passed on July 21, 2010, every U.S. financial organization or other lending entity offering products to consumers were mandated to abide by to new regulatory compliance rules and policies.

Regardless of the medium or vehicle for the transference of data, there is one essential property to every credit transaction that never changes, "the numbers."