Our Commitment to Responsible Lending Practices

Adherence to Legal Standards Our network of lenders and lending partners is dedicated to upholding the highest standards of integrity and professionalism, strictly adhering to all federal, state, and local regulations. This commitment encompasses compliance with laws related to interest rates, loan terms, rollover limitations, as well as the permissible number and frequency of loans, among other regulatory requirements. We encourage all potential borrowers to thoroughly acquaint themselves with the specifics of their desired loan, including any relevant legal constraints, prior to entering into any agreement.

Transparency Under the Truth in Lending Act (TILA) In line with the Truth in Lending Act, we ensure that all borrowers receive comprehensive, written disclosures detailing the exact fees, interest rates, and critical terms of their loan before any agreement is finalized. Our lending partners pledge not to propose terms that contravene established laws, regulations, or guidelines, with most loan specifics being determined by pertinent state legislation.

Fair Lending as Mandated by the Dodd-Frank Wall Street Reform Act The Dodd-Frank Wall Street Reform Act mandates equitable lending practices across our network, entrusting the Consumer Financial Protection Bureau (CFPB) with the authority to enact regulations aimed at eliminating abusive and unfair lending. These include measures designed to ensure equal treatment for consumers of similar creditworthiness but differing in race, ethnicity, gender, or age.

Requirement for Personal Information Disclosure When Opening a New Account Federal legislation mandates that financial institutions, including our lending partners, verify the identities of their clients. This measure seeks to prevent money laundering and the financing of terrorism. Consequently, borrowers may be asked to provide personal details such as name, date of birth, address, social security number, and other identifying information. Verification may also require a valid state or federal ID to confirm these details.