Learn More - Click Here!

New Reply
Post Icon
Smilies Insert Link Insert Email Link Insert Image Link Insert Media Tag List Bold Italic Underline Strike-through Spoiler Quote Font Color Fonts Font Size
Make textarea smaller
Make textarea bigger
Post Options

HTML is disabled.
UBBCode is enabled.
Poll Manager (Total Polls: 0)

In Response To:
Thread Starter: Consumer Cop
Title: Re: Prohibition against requiring loan payment via ACH

I was sure there was a reg for this but Iíve searched and searched and canít find it.

Isnít there a regulation prohibiting requiring a consumer to pay a loan via ACH (as in, automated, prearranged draft/debit from checking, either at our bank or elsewhere)? We want to have it as a condition of granting an unsecured consumer loan.

Maybe I'm just making up regs!