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Posted by on Nov 24, 2020 in | 0 comments

Studies question value of anticipated CFPB cash advance limits

The CFPB’s payday loan rulemaking had been the topic of a NY circumstances article the 2009 Sunday that https://paydayloansohio.org/ review has gotten attention that is considerable. In accordance with the article, the CFPB will “soon release” its proposition which can be likely to add an ability-to-repay requirement and limitations on rollovers.

Two present studies cast severe question on the explanation typically provided by customer advocates for an ability-to-repay requirement and rollover limitations—namely, that sustained usage of payday advances adversely impacts borrowers and borrowers are harmed if they are not able to repay

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