The Consumer Financial Protection Bureau should require lenders of payday and high-interest loans to assess an applicant's ability to repay, limit repeat borrowing, and cap interest rates at 36% or lower, similar to existing protections for military members.

Authors

• Person: Not available Organization: American Public Health Association
  The Impacts of Individual and Household Debt on Health and Well ...

Sources

• The Impacts of Individual and Household Debt on Health and Well ... www.apha.org American Public Health Association via serper

Referenced by nodes (1)

• Consumer Financial Protection Bureau entity