The Rule’s Ability-to-Repay Standard The rule’s centerpiece is its ability-to-repay (ATR) standard.
The Rule’s Ability-to-Repay Standard The rule’s centerpiece is its ability-to-repay (ATR) standard. Overview On October 5, 2017, the CFPB issued its rule that is final on, car Title, and Certain High-Cost Installment Loans, 12 C.F.R. pt. 1041. The rule requires lenders to determine that borrowers are able repay the loans and limits loan refinancing for…
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