in mind when preparing for convening your small business Review Panel, and getting feedback from Small Entity Representatives pursuant to Regulatory Flexibility Act. The proposals into consideration address both short-term and longer-term credit items being marketed greatly to economically susceptible customers.
The Bureau recognizes consumers’ dependence on affordable credit, and it is worried that the techniques usually connected with these items, such as for instance failure to underwrite for affordable re re re payments, over over and over repeatedly rolling over or refinancing loans, holding a safety desire for an automobile as security, accessing the consumer’s account fully for payment, and doing withdrawal that is costly, can trap customers with debt.