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HOEPA Updates for 2018

The SCEX family provides APR Compliance and Calculation Software for LendersThe CFPB is adjusting two dollar amounts that are used in the "points and fees" trigger for coverage under HOEPA for calendar year 2018. The two dollar amounts are (1) the loan amount threshold (changing from $20,579 to $21,032), and (2) the total points and fees amount (changing from $1,029 to $1,052). All of our core products have been updated to include these new amounts, ensuring that your organization is compliant with the new year's values.

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The Military APR (MAPR) - We Comply, Do You?

The SCEX family provides APR Compliance and Calculation Software for LendersIn July 2015, the Department of Defense issued a final rule amending the Military Lending Act’s (MLA) protections. Though the rule took effect October 1, 2015, it did not require immediate action by financial institutions. However, this final rule outlined two specific dates on which MLA’s protections will become effective: October 3, 2016 (consumer loan products with the exception of credit cards) and October 3, 2017 (credit cards).

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HOEPA Updates for 2017

The SCEX family provides APR Compliance and Calculation Software for LendersThe CFPB is adjusting two dollar amounts that are used in the "points and fees" trigger for coverage under HOEPA for calendar year 2017. The two dollar amounts are (1) the loan amount threshold (changing from $20,350 to $20,579), and (2) the total points and fees amount (changing from $1,017 to $1,029). All of our core products have been updated to include these new amounts, ensuring that your organization is compliant with the new year's values.

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HOEPA Updates for 2016

The SCEX family provides APR Compliance and Calculation Software for LendersThe CFPB is adjusting two dollar amounts that are used in the "points and fees" trigger for coverage under HOEPA for calendar year 2016. The two dollar amounts are (1) the loan amount threshold (changing from $20,391 to $20,350), and (2) the total points and fees amount (changing from $1,020 to $1,017). All of our core products have been updated to include these new amounts, ensuring that your organization is compliant with the new year's values.

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Announcing Our Partnership with The Plateau Group

The Plateau Group, Inc. (PGI), an insurance and financial services company based in Crossville, Tennessee, has over 30 years of experience working with financial institutions to provide insurance solutions and services to their customers. PGI offers a full range of insurance products, plus debt protection and reinsurance programs from Maine to the Pacific Islands.

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