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

2021-03-02T17:42:40+00:00

As a consequence of these weaknesses, pay day loan portfolios should really be classified Substandard. Classification instructions The Uniform Retail Credit Classification and Account Management Policy (Retail Classification Policy) 7 establishes basic category thresholds for consumer loans according to delinquency, but also grants examiners the discernment to classify specific retail loans that display signs and [...]