Military Lending Act Compliance Made Easy With Active Duty Indicator from Clarity Services

Clearwater, Fla. – Clarity Services, the leading subprime consumer credit bureau, announces the enhancement of three standard products to include a new active duty indicator to help verify the status of applicants and their dependents.

Effective October 3, 2016, lenders will be required to comply with an amendment to the Military Lending Act (MLA) concerning new terms for extending credit to service members and their families. The MLA will require

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Clarity Services Offers Compliance Solutions for Utah Lenders

Clearwater, Fla. – As the leading real-time credit bureau for the non-prime market, Clarity Services is prepared to offer a variety of solutions to assist online and storefront lenders with the compliance requirements found in Utah’s current regulations as well as the Deferred Deposit Lending Amendment (Utah Code § 7-23-401) that will become law on July 1, 2016.

The existing lending requirements and the Amendment apply to any lender who

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Clarity’s Compliance Tool Kit

At Clarity, we pride ourselves on being proactive when it comes to regulations. We stay focused on implementing compliance solutions for our customers so they can focus on running their businesses. Clarity has proposed solutions for each of the following items from the CFPB’s rules proposal1 (“Proposed Rules”), created to help our customers achieve compliance and avoid disruptions.

The following summaries are just a representative sample of the Proposed Rules.

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How Lenders Can Gain Better Visibility on Applicants

Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America consumers announces that its newest product, Clear Recent History™, is being made available at no-charge for storefront providers who contribute loan data to Clarity.

Clear Recent History™ is a preventative underwriting tool that helps providers identify and better understand credit usage patterns of non-prime consumers.

“There are a small percentage of cases

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Clarity Services, Inc. Gives Lenders Better Visibility on their Applicants with Clear Recent History™

Press Release 02/26/2013

CLEARWATER, FL – February 26, 2013 Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America announces its newest product, Clear Recent History™.

Clear Recent History™ is a trade line report designed for brick and mortar payday lenders. The report provides key information about a consumer’s loan activity over the past 90 days, including inquiries, detailed trade line information,

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