payday loans ↔ Consumer Financial Protection Bureau

Relations (1)

cross_type 2.00 — strongly supporting 3 facts

The Consumer Financial Protection Bureau is the primary regulatory body responsible for overseeing payday loans, as highlighted in [1], and is actively advocated to implement stricter standards for these products to ensure borrower ability to pay as noted in [2] and [3].

Facts (3)

Sources

The Impacts of Individual and Household Debt on Health and Well ... apha.org American Public Health Association 3 facts

referenceThe Pew Charitable Trusts published a fact sheet titled 'Payday loan facts and the CFPB’s impact' which examines the role of payday loans and the regulatory influence of the Consumer Financial Protection Bureau.

perspectiveThe Consumer Financial Protection Bureau should require that payday loans and similar high-interest loans account for the applicant's ability to pay and limit repeat borrowing.

perspectiveThe Consumer Financial Protection Bureau should require that payday loans and similar high-interest loans account for the applicant’s ability to pay and limit repeat borrowing.