Financing is regulated. We must work with our partners to comply with federal and state lending regulations. These include the Truth in Lending Act (TILA); Unfair, Deceptive, or Abusive Acts or Practices (UDAAP); federal law dealing with discrimination, Equal Credit Opportunity Act (ECOA); and CAN-SPAM Act, just to state a few.
When you present financing offers that not everyone may qualify for (specific interest rates, specific payment amounts, etc.), you may be using “trigger terms." Trigger terms are consumer-facing words or phrases that may warrant additional qualification or explanation. We included disclaimers wherever needed to help you meet this requirement.
All Wisetack merchants must use language that complies with regulations. The language provided in this toolkit will help you comply with these regulations. Copy all approved wording and required disclaimers directly. If you want to use language that varies from that in this toolkit, please reach out to email@example.com for approval. We hope this never happens, but Wisetack does reserve the right to terminate our services for merchants who fail to meet these guidelines.