As a consequence of these weaknesses, pay day loan portfolios should really be categorized Substandard.

As a consequence of these weaknesses, pay day loan portfolios should really be categorized Substandard. category directions The Uniform Retail Credit Classification and Account Management Policy (Retail category Policy) 7 establishes classification that is general for customer loans centered on delinquency, but also grants examiners the discernment to classify specific retail loans that display signs …

As a consequence of these weaknesses, pay day loan portfolios should really be categorized Substandard. Read More »