The CFPB’s ability-to-repay requirements distinguish between short-term and loans that are longer-term.

The CFPB’s ability-to-repay requirements distinguish between short-term and loans that are longer-term. Power to Repay and Alternatives By “short-term loans,” the CFPB is loans that are addressing named “payday” or “deposit advance” loans, but including any customer loan this is certainly repayable within 45 times. A loan provider of these...