2019 Service Center Underwriting 
PYMNTS
OCTOBER 6, 2017
Consumers and lenders can avoid the more complicated underwriting rules if the loan is less than $500 – and if it is restructured as an installment loan to get out of debt more gradually, such as allowing for payments to go directly to principal. The CFPB’s payday rule, he added, “necessitates revisiting the OCC guidance.”. So Now What?
PYMNTS
OCTOBER 6, 2017
Consumers and lenders can avoid the more complicated underwriting rules if the loan is less than $500 – and if it is restructured as an installment loan to get out of debt more gradually, such as allowing for payments to go directly to principal. The CFPB’s payday rule, he added, “necessitates revisiting the OCC guidance.”. So Now What?
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