CONSUMER FINANCE & RECEIVABLES MANAGEMENT INDUSTRY LINKS
INCLUDES COMPLIANCE INFORMATION
LEGAL AND GOVERNMENT LINKS
Consumer Financial Protection Bureau (CFPB) – Learn about the government agency that monitors consumer lending practices.
State Usury Laws – A list of the usury limits for each state. The usury limit usually is not applied to retail installment contracts or other timed payment contracts as they are generally not considered loans.
Federal Truth in Lending Disclosures – This website explains the Federal Truth in Lending portion of installment contracts. It is a good idea to become very familiar with these if you are creating receivables.
FDIC – The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the U.S. Congress to maintain stability and public confidence in the nation’s financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, and managing receiverships.
FACTA – Learn about the Fair and Accurate Credit Transactions Act (FACTA) that allows consumers to obtain a free credit report once every twelve months.
OTHER USEFUL LINKS
Variant Finance™ – Prime, sub-prime, and tertiary consumer finance programs for retailers and service providers.
Patient Financing – East Bridge’s SimpleSelect Patient Finance program is setting the standard for simple, fair, and flexible patient financing options for patients.
myFICO – myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICOÃƒâ€šÃ‚Â® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries.
American Financial Services Association – The mission of the AFSA is to promote safe, ethical lending to responsible, informed borrowers and to improve and protect consumers’ access to credit.
National Installment Lenders Association – NILA is a membership organization that educates and informs policymakers and the public about the benefits of access to traditional installment loans as a source of credit.
Debt Buyers Association – DBA International is the nonprofit trade association that represents the interests of companies that acquire accounts receivable portfolios on the secondary market.
The Association of Credit and Collection Professionals – ACA International, the Association of Credit and Collection Professionals, is the comprehensive, knowledge-based resource for success in the credit and collection industry.