The Right to Deregulate: The CFPB’s Authority to Remove the Ability-to-Pay Requirement as it Pertains to Payday Lenders

Authors

Ben Davisson, Saint Louis University School of Law

Files

Description

The Consumer Financial Protection Bureau is proposing to rescind the rule requiring payday lenders to assess a borrower's ability to repay the loan. This article by Ben Davisson explores the Bureau's authority to rescind its own rule despite the potentially harmful effects on vulnerable low-income consumers.

Publication Date

9-18-2019

Document Type

Article

Keywords

payday lending, deregulation, administrative law, consumer financial protection bureau

Disciplines

Law

Recommended Citation

Davisson, Ben, "The Right to Deregulate: The CFPB’s Authority to Remove the Ability-to-Pay Requirement as it Pertains to Payday Lenders" (2019). SLU Law Journal Online. 19.
https://scholarship.law.slu.edu/lawjournalonline/19