Short-Term, Small-Dollar Lending: PolicyР’ Problems and Implications
Articles Introduction Short-Term, Small-Dollar Item Explanations and Selected Metrics Breakdown 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 Costs of Small-Dollar Financial Products Tables Dining Dining Table 1. Summary of Short-Term, Small-Dollar Borrowing Products Dining Dining Table A-1. Loan Expense Evaluations Appendixes Overview Short-term, small-dollar loans are consumer loans with fairly low initial principal amounts (frequently lower than $1,000) with fairly brief payment durations (generally speaking […]