Introduction -
By now you’ve likely heard that the Consumer Financial Protection Bureau (CFPB) has released a final small-dollar lending rule. The hallmark of the rule is the requirement That lenders make a reasonable...more
11/2/2017
/ Ability-to-Repay ,
Annual Percentage Rate (APR) ,
Balloon Payments ,
Borrowers ,
Closed-End Funds ,
Congressional Review Act ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Disclosure Requirements ,
Exempt Transactions ,
Final Rules ,
Financial Institutions ,
Lenders ,
Recordkeeping Requirements ,
Short-Term Loans ,
UDAAP ,
Underwriting
Last week, at the Consumer Advisory Board Meeting in Washington D.C., Consumer Financial Protection Bureau (CFPB) Director Richard Cordray provided an update on one of the most highly anticipated areas in the debt collection...more