Ability-to-Repay Needs & Alternative Criteria for Covered Short-Term Loans

Ability-to-Repay Needs & Alternative Criteria for Covered Short-Term Loans The guideline identifies it being a unjust and abusive training for a loan provider to create covered short-term or longer-term balloon-payment loans without fairly determining that the customers will have a way to settle the loans based on their terms. The guideline prescribes needs to avoid […]