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Ability-to-Repay Tribal Loans

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SBA Office of Advocacy submits comment letter asking CFPB to reconsider payday loan proposal

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The Small Business Administration’s Office of Advocacy has submitted a comment letter on the CFPB’s proposed payday loan rule that raises concerns about the proposal’s economic impact on small businesses and encourages the...more

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Director Cordray reveals no change in CFPB’s approach to payday loans

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In remarks earlier this week to the National Credit Union Association, Director Cordray discussed the proposals the CFPB is considering for small dollar loans. In March 2015, in anticipation of convening a SBREFA panel, the...more

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