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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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Announcing Our Partnership with Mastercard

Mastercard LogoMastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. The company operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone.

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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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