Short-Term, Small-Dollar Lending: PolicyР’ Problems and Implications

Short-Term, Small-Dollar Lending: PolicyР’ Problems and Implications

Articles

  • Introduction
  • Short-Term, Small-Dollar Item Explanations and Selected Metrics
  • Summary of the present Regulatory Framework and Proposed Rules for Small-Dollar Loans
  • Ways to regulation that is small-Dollar
  • Breakdown of the CFPB-Proposed Rule
  • Policy Issues
  • Implications regarding the CFPB-Proposed Rule
  • Competitive and Noncompetitive Market Pricing Dynamics
  • Permissible Tasks of Depositories
  • Challenges Comparing Relative Rates of Small-Dollar Financial Products

Tables

  • Dining Dining Dining Table 1. Summary of Short-Term, Small-Dollar Borrowing Products
  • Dining Table A-1. Loan Expense Evaluations

Appendixes

Overview

Short-term, small-dollar loans are consumer loans with fairly low initial major amounts (often not as much as $1,000) with fairly repayment that is short (generally speaking for a small amount of days or months). Short-term, small-dollar loan items are commonly used to pay for cash-flow shortages which will take place as a result of unanticipated costs or periods of inadequate earnings. Continuar leyendo «Short-Term, Small-Dollar Lending: PolicyР’ Problems and Implications»