Next, the proposed guideline prohibits a loan provider from starting a repayment transfer from a consumerвЂ™s account associated with a loan that is covered the lenderвЂ™s second consecutive try to withdraw re re payment has failed for not enough adequate funds unless and until the lender obtains from the customer a brand new and particular authorization in order to make further withdrawals. Proposed 1041.13.
The rule imposes reporting that is new record-keeping, and conformity demands. Generally speaking, the guideline requires loan providers to furnish information regarding covered loans to all or any information that is registered which presumably should include the nationwide customer reporting agencies. Leer más