BAI Special Report

The Multi-Million Dollar Mistake:
Neglecting Payday Lending
Compliance Training

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To avoid millions in non-compliance fines and penalties, you need to read this.

Despite the revocation of changes to the CFPB’s federal rule governing payday lending, all payday lenders are required by the CFPB to provide compliance training. If you’re not compliant you could be subject to heavy fines. Or worse.

Recently, due to non-compliance:

  • One company was fined $1.1 million and had to pay hundreds of thousands of dollars to consumers
  • A second organization was barred from doing any loan-related business and from collecting any outstanding loans
  • The owner of a third company was fined $2.7 million and banned from the industry
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Read our special report for important need-to-know information including the best way to roll out a compliance training program. Don’t make the same mistake many companies make, and that some never recover from—

Download this important special report from BAI and protect your business. 

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