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CFPB Examination Procedures Short-Term, Small-Dollar Lending Examination Procedures Short-Term, Small-Dollar Lending Commonly Known as Payday Lending These examination procedures apply to the short-term,

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What is short-term small dollar lending?

Short-term small dollar lending refers to the practice of providing small, short-term loans typically with high interest rates.

Who is required to file short-term small dollar lending?

Lenders who engage in short-term small dollar lending are required to file reports and comply with regulations set by regulatory authorities.

How to fill out short-term small dollar lending?

To fill out short-term small dollar lending, lenders must provide detailed information about the loans issued, borrowers, interest rates, and repayment terms.

What is the purpose of short-term small dollar lending?

The purpose of short-term small dollar lending is to provide quick access to small amounts of cash for individuals who may not have access to traditional banking services.

What information must be reported on short-term small dollar lending?

Information such as loan amounts, interest rates, repayment terms, and borrower demographics must be reported on short-term small dollar lending.

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