Ability-to-Repay Needs and Alternate Needs for Covered Short-Term Loans

Ability-to-Repay Needs and Alternate Needs for Covered Short-Term Loans The CFPB has suggested it is concerned with payday advances being greatly marketed to members that are financially vulnerable. Confronted with other challenging economic circumstances, these borrowers often end up in a revolving period of financial obligation. Hence, the CFPB included capability to repay needs within … Continue reading Ability-to-Repay Needs and Alternate Needs for Covered Short-Term Loans