Remove Legal Remove Legal Support Remove Origination
article thumbnail

CFPB Payday Lending Rules 2.0 — What’s Next

PYMNTS

While there were many provisions to the payday lending rules as originally passed, the one that caused the greatest controversy was the “ability to repay” provision that would have required short-term lenders to establish a borrower’s ability to repay before offering them a small-dollar, short-term lending product.

CFPB 40
article thumbnail

Foot In Mouth: 43 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

Even Apple founder Steve Jobs voiced hesitations about variations on the original iPhone, arguing that phones with larger screens would never catch on: “You can’t get your hand around it,” Jobs said when Samsung and Google came out with phones larger than the 3.5” original iPhone. “No Currencies have legal support.

Bitcoin 78
article thumbnail

What is a Pro Forma Invoice? A Comprehensive Guide to Pro Forma

Payment Savvy

The term pro forma is of Latin origin and means ‘as a matter of form.’ Depending on the agreed-upon legal process behind the invoice, this could mean that the client must pay more or that the ISP loses money. Pro Forma Defined Let’s start with the central question: what does pro forma mean?

article thumbnail

Foot In Mouth: 37 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

Netflix is very much a television network and not unlike what HBO and Showtime have done for years, they have some original product that goes out there. Currencies have legal support. . “Netflix is a great service, it’s a great in-home service. They’ve had other movies. “It won’t end well.

Bitcoin 65
article thumbnail

Killing Strategy: The Disruption Of Management Consulting

CB Insights

The growth-share matrix became BCG’s “$1M framework” because it packaged the consultancy’s clearest and most original strategic thinking into a neat and digestible visual. One model for the disruption of management consulting could be the “inside counsel” revolution that began sweeping the legal world in the 1970s.

article thumbnail

Morgan Lewis Principal Weighs In On Payday Loan Debate

PYMNTS

The agency has said that keeping the requirement would negatively impact consumer access to credit and hurt competition in the markets – and, added the CFPB, there is “insufficient evidence and legal support” for the provision. This may be an election issue, given that the proposal pushes the date off to Nov.