Regulatory Changes to The Alternative Lending Industry Took Effect January 1st, 2025
New regulations reduce borrowing costs to $14 per $100, making loans more affordable for consumers. Venue clients will experience no disruptions or changes to current products or services. Venue remains committed to delivering reliable financial solutions and excellent customer service. For updates or questions, clients are encouraged to reach out.
Regulatory Changes to The Alternative Lending Industry Took Effect January 1st, 2025
The lending industry is experiencing regulatory changes, but what does this mean for you as a borrower? How will this affect Venue clients? Let's break down what you can expect, and how Venue is adapting to these changes.
What Does the New Regulation Mean?
Starting January 1st, 2025, the cost of borrowing will be reduced to just $14 per $100 borrowed. This change is designed to make borrowing more affordable for consumers.
How Does This Affect Venue Clients?
As a Venue client, you don’t need to worry about major disruptions or changes to the products you currently use. Venue remains committed to providing the same excellent offerings that you have come to trust. This new regulation will simply make borrowing more affordable, helping you save on the costs associated with borrowing.
Will Any Venue Products Change?
No! Venue is not making any changes to the products or services we offer. Our goal is to continue delivering the high-quality solutions and customer service you've come to rely on, without disruption. Whether you’re borrowing for personal needs, business growth, or any other purpose, Venue will continue to provide the same reliable products you know and love.
Conclusion
At Venue, we’re committed to making your financial journey as smooth as possible. Stay tuned for more updates, and feel free to reach out if you have any questions!