Repeal CFPB's Ability-to-Repay Requirement for Payday Loans: Conservative Groups

In a related development, the House Financial Services Committee will hold a hearing about payday lending on April 30.

By David Baumann | April 23, 2019 at 11:55 AM

A coalition of conservative groups is lending its support to the CFPB's proposal to delete the ability-to-repay requirement for short-term lenders.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com

NOT FOR REPRINT

By Michael Ogden | November 22, 2024

The two organizations will formally join together on Jan. 1, 2025.

By Jim DuPlessis | November 21, 2024

Credit union plans to add three new branches over the next year, including one opening in December.

By Peter Strozniak | November 21, 2024

Heleonel Gonzalez admits he diverted the credit union’s loans for commercial insurance payments to pay his debts and expenses.

Report

Credit Union Times

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now