Category Archives: payday loans portland oregon

Some problems for “short-term” loans underneath the CFPB’s contemplated payday name high-cost financing proposals

Some problems for “short-term” loans underneath the CFPB’s contemplated payday name high-cost financing proposals

In this web site post, we share our applying for grants the way the CFPB’s contemplated proposals using aim at payday (along with other small-dollar, high-rate) loans (“Covered Loans”) will affect “short-term” Covered Loans while the flaws we come across into the CFPB’s capacity to repay analysis. (Our final post seemed at the CFPB’s grounds when it comes to proposals.)

Effect. The CFPB intends to offer two choices for “short-term” Covered Loans with regards to 45 times or less. Continue reading