Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:legislation
|
| gptkbp:alsoKnownAs |
gptkb:CFPB_Payday_Lending_Rule
|
| gptkbp:amendedBy |
2020
rescinded mandatory underwriting provisions |
| gptkbp:appliesTo |
banks
credit unions non-bank lenders |
| gptkbp:codifiedIn |
gptkb:12_CFR_Part_1041
|
| gptkbp:enforcementDate |
2019-08-19
|
| gptkbp:federalRegisterCitation |
gptkb:82_FR_54472
|
| https://www.w3.org/2000/01/rdf-schema#label |
Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule
|
| gptkbp:issuedBy |
gptkb:Consumer_Financial_Protection_Bureau
|
| gptkbp:limitation |
number of consecutive loans
|
| gptkbp:prohibits |
lenders from making a new loan to a borrower who has outstanding short-term debt
|
| gptkbp:publicationDate |
2017-11-17
|
| gptkbp:purpose |
to prevent unfair and abusive lending practices
|
| gptkbp:regulates |
payday loans
certain high-cost installment loans vehicle title loans |
| gptkbp:requires |
lenders to determine borrowers' ability to repay
|
| gptkbp:subjectOf |
legal challenges
|
| gptkbp:bfsParent |
gptkb:CFPB_Payday_Rule
|
| gptkbp:bfsLayer |
6
|