The CFPB’s ability-to-repay requirements differentiate between short-term and longer-term loans.

The CFPB’s ability-to-repay requirements differentiate between short-term and longer-term loans. Capacity to Repay and Alternatives By “short-term loans,” the CFPB is handling loans commonly described as “payday” or “deposit advance” loans, but including any customer loan this is certainly repayable within 45 times. A loan provider of these financing could be necessary to make a […]