The Rule’s Ability-to-Repay Standard The rule’s centerpiece is its ability-to-repay (ATR) standard.

The Rule’s Ability-to-Repay Standard The rule’s centerpiece is its ability-to-repay (ATR) standard. Overview On October 5, 2017, the CFPB issued its rule that is final on, car Title, and Certain High-Cost Installment Loans, 12 C.F.R. pt. 1041. The rule requires lenders to determine that borrowers are able repay the loans and limits loan refinancing for...