Policy on Responsible Lending

Updated Aug, 2023

Money, inc. wants consumers to be educated, make smart financial decisions, and to be protected from malicious personal consumer lenders and other unsavory businesses that engage in unlawful and unethical lending practices.

Trust and Truth

The Dodd-Frank Wall Street Reform Act states that all lenders must engage in 'fair lending' practices. The Consumer Financial Protection Bureau enforces fair lending rules and regulations.

Fair Lending

Money, inc. wants consumers to be educated, make smart financial decisions, and to be protected from malicious personal consumer lenders and other unsavory businesses that engage in unlawful and unethical lending practices.

Current State Regulations

Money, inc. encourages lenders to follow applicable federal and state regulations. This includes conformity with local laws regarding interest rates, maximum loan terms, rollover limits, fees, cooling-off periods in between loans, and other loan terms. Lenders that are an extension of a federally recognized Indian Tribe act as independent sovereign nations and may not be required to follow local laws regarding rates, fees and other loan terms, although such lenders conform to federal lending laws including the Truth in Lending Act.