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loans to payday

CCFPB shows its hand on payday and name and longer-term lending that is high-rate

CCFPB shows its hand on payday and name and longer-term lending that is high-rate

Avoidance option. A lender would have to make essentially the same ability to repay before making a fully amortizing covered longer-term loan

dedication that could be needed for short-term loans, on the term regarding the longer-term loan. In addition, an power to repay dedication could be needed for an expansion of a covered longer-term loan, including refinances that end up in a unique covered loan that is longer-term.