CFPB Small Dollar Lending Rule

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:legislation
gptkbp:2020Revision	rescinded mandatory underwriting provisions retained payment practices provisions
gptkbp:aimsTo	prevent repeated attempts to withdraw payment from consumer accounts protect consumers from unfair lending practices reduce risk of borrower default
gptkbp:alsoKnownAs	gptkb:Payday_Lending_Rule
gptkbp:appliesTo	lenders making short-term, small-dollar loans
gptkbp:codifiedIn	gptkb:12_CFR_Part_1041
gptkbp:enforcedBy	gptkb:Consumer_Financial_Protection_Bureau
gptkbp:excludes	certain community banks and credit unions
gptkbp:focusesOn	consumer protection lending practices loan repayment ability
https://www.w3.org/2000/01/rdf-schema#label	CFPB Small Dollar Lending Rule
gptkbp:initiallyIssued	2017
gptkbp:issuedBy	gptkb:Consumer_Financial_Protection_Bureau
gptkbp:mainProvision	gptkb:ability-to-repay_requirement payment practices provision
gptkbp:regulates	payday loans certain high-cost installment loans vehicle title loans
gptkbp:relatedTo	gptkb:Dodd-Frank_Wall_Street_Reform_and_Consumer_Protection_Act
gptkbp:subjectOf	legal challenges regulatory revisions
gptkbp:updated	2020
gptkbp:bfsParent	gptkb:CFPB_Payday_Rule
gptkbp:bfsLayer	6