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2020 is a Leap Year! How Do Lenders Properly Account for it in Their Loan Computations?

Posted on February 25, 2020

How does leap year affect lending? There are definite ramifications for a year which is 365 days, 5 hours, 48 minutes, and 46 seconds long.

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Simple Interest Isn't Simple After All - Part 2

Posted on August 19, 2019

Part 2 of Simple Interest Isn't Simple addresses another complication—the fact that there can be multiple “right” payments.

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Simple Interest Isn't Simple After All - Part 1

Posted on July 23, 2019

“Simple interest” is far from simple—resulting in unexpected complications and misunderstandings in consumer lending. Prior to the digital lending age, many consumer credit disclosures and calculations were performed in a pre-computed environment. In Part 1 of this 2 - part series, we explore the differences between a pre-computed consumer credit contract and a simple interest computation relevant to both indirect retail installment sales and direct loan disclosures.

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AFSA Enacted Legislation Presentation - State Maximum Charge and Fees

Posted on October 29, 2018

AFSA State Government Affairs Committee Year-to-Date Enacted Legislation Report Carleton's Corporate Attorney, Sarah Way, presented the following content to Committee members during the AFSA Annual C...

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Truth-In-Lending APR Calculation Best Practices to Assure Regulation Z Compliance

Posted on October 04, 2018

ACCURACY MATTERS when it comes to Regulation Z Annual Percentage Rate Calculations.  Carleton regularly receives client inquiries regarding how best to achieve accuracy in Truth-in-Lending (...

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Semi-Monthly Payments

Posted on January 30, 2018

Lenders Aiming to Serve Their Customers Using Semi-Monthly Payment Products May Encounter Implementation Challenges. Regulations provide general guidance (not specifics) regarding calculations…

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Military APR – FAQ

Posted on January 30, 2018

MILITARY LENDING ACT FAQ - Common Questions About the Military Lending Act and the MAPR Calculation

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Lenders Riding a Regulatory Rollercoaster

Posted on December 15, 2017

When the Dodd-Frank Wall Street Reform and Consumer Protect Act (Dodd-Frank) was passed on July 21, 2010, every U.S. financial organization or other lending entity offering products to consumers were mandated to abide by to new regulatory compliance rules and policies.

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The Common Denominator

Posted on October 14, 2016

Regardless of the medium or vehicle for the transference of data, there is one essential property to every credit transaction that never changes, "the numbers."

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It's Not Just the Rate...

Posted on July 11, 2016

It’s Not Just the Rate... By: Jeff Buysse At Carleton, we spend a lot of time and focus on helping our partner lenders stay compliant in the area of the maximum state finance charge that is ...

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