The CFPB's Proposed Payday and Small Dollar Rule from an Economist's Perspective

Wed, Aug 10, 2016, 2–3 pm

Consumers’ payday and small loan decisions are inextricably tied to the unpredictability of work schedules, wages, and the timing of cash flows. For example, payday loans may be caused by small urgent expenses, such as an emergency car repair, or the lost income from missing work due to a car breakdown.

In this webinar, hosted by the ABA Consumer Financial Services Committee, Dr. Stephen Bronars and Dr. George Korenko will discuss how provisions of the CFPB’s proposed rule for payday loans are likely to interact with consumers’ borrowing decisions. They will also discuss the challenges facing payday lenders if they are required to measure the ability-to-repay a payday loan, the structure of the conditional exemption loans that are not subject to ability-to-repay, and how payday loans may compare to other sources of liquidity for consumers.

Registration is not required, simply use the call-in information below to log in or dial-in:

To join the online meeting (and add it to your calendar):
1) Go to: https://intercall.webex.com/intercall/j.php?MTID=mebef2c4cbd0ff44d123b418bfa926836
2) If requested, enter your name and email address.
3) Click "Join".
4) Provide your phone number when you join the meeting to receive a call back to participate in the audio portion of the webinar.

To join the teleconference only:
1) Dial-in: 1-866-646-6488
2) Conference Code: 312 988 6398
3) Global dial-in numbers: 
https://www.tcconline.com/offSite/OffSiteController.jpf?cc=2709233213

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