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REGULATORY COMPLIANCE SYSTEM AND METHODOLOGY FOR PAYDAY LOANS TO MILITARY SERVICE MEMBERS AND THEIR DEPENDENTS

  • US 20090132312A1
  • Filed: 07/27/2008
  • Published: 05/21/2009
  • Est. Priority Date: 11/19/2007
  • Status: Abandoned Application
First Claim
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1. A computer-implemented method for credit transaction legal compliance, said method comprising:

  • creating a user account for a user;

    providing a source of law data applicable to credit transactions by the user;

    determining if the user is a covered member;

    receiving credit transaction data for a transaction by the user;

    automatically comparing the credit transaction data for the transaction by the user with the law data applicable to the credit transaction by the user;

    determining whether the credit transaction data for the transaction by the user complies with the law data applicable to the credit transaction by the user; and

    transmitting a response to the user indicating the compliance status of the transaction.

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