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

The Consumer Financial Protection Bureau is proposing to rescind the rule requiring payday lenders to assess a borrower\u27s ability to repay the loan. This article by Ben Davisson explores the Bureau\u27s authority to rescind its own rule despite the potentially harmful effects on vulnerable low-income consumers.https://scholarship.law.slu.edu/lawjournalonline/1005/thumbnail.jp