Truth in Lending Act (TILA): Federal law that requires clear disclosure of lending terms and costs to protect consumers in credit transactions
Fair Credit Reporting Act (FCRA): Federal law governing the collection, dissemination, and use of consumer credit information
Equal Credit Opportunity Act (ECOA): Federal law that prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or public assistance program participation
Fair Debt Collection Practices Act (FDCPA): Federal law that limits the behavior and actions of debt collectors and protects debtors from abusive practices
Bank Secrecy Act (BSA): Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering
Anti-Money Laundering (AML) Regulations: Set of procedures, laws, and regulations designed to prevent generating income through illegal actions
CFPB Regulations: Rules and guidelines set by the Consumer Financial Protection Bureau to ensure fairness in consumer financial products and services
Dodd-Frank Act: Comprehensive federal law that reformed various aspects of the financial services industry, including consumer protection and corporate governance
State Usury Laws: State-specific laws that regulate the maximum interest rates that can be charged on loans
State Licensing Requirements: State-specific regulations governing the licensing and operation of money lending businesses
State Consumer Protection Laws: State-level laws designed to protect consumers from unfair or deceptive lending practices
State Corporation Laws: State-specific laws governing the formation and operation of corporations
SEC Regulations: Federal regulations governing securities and corporate reporting requirements if the company issues securities
Federal Reserve Regulations: Rules and guidelines set by the Federal Reserve System affecting lending practices and monetary policy
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive data
E-SIGN Act: Federal law ensuring the legal validity of electronic signatures and records in commercial transactions
Patriot Act: Federal law requiring financial institutions to verify customers' identities and monitor transactions to prevent terrorism financing
IRS Requirements: Federal tax regulations and reporting requirements applicable to money lending companies
