At we make it our business to provide a some protection to you from personal loan lenders and other businesses that can be considered dishonest because they engage in loan practices that are prohibited and/or unethical. This is something we so you can make good financial decisions.
Trust and Truth
All provisions set out in fair lending regulations, for example the Truth in Lending Act, apply to all of practices and policies. Prior to you agreeing to take a loan, the loan provider is bound by law to give you in writing (often electronically) relevant information about fees, rates, roll-over charges and all other details. To find out more about what you need to be aware of before you sign any loan agreement, read our Rates and Fees page.
All lenders must engage in "fair lending" practices as they are required by the Dodd-Frank Wall Street Reform Act. The federal agency that holds the responsibility for the application of fair lending practices is the Consumer Financial Protection Bureau (CFPB).
Current State Regulations
All pertinent federal and state lending laws are treated by directloanstransfer.com as a must for our network lenders to follow. This means abiding by state laws relating to interest rates, fees, maximum loan terms, roll-over limits, cooling-off periods between loans, and any other specified terms of loans. Lenders recognized as extensions of an Indian Entities Recognized Tribe are allowed to operate as independent sovereign nations. This means they may have exemptions from local laws regarding fees, rates, and any other loan terms, these lenders are not exempted from compliance with federal lending laws including the Truth in Lending Act.