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Banks' Secret Plan to Disrupt the Payday Loan Industry

Friday, May 6, 2016
Ian McKendry | American Banker
Diane Standaert

"We support a front-end ability-to-repay requirement and generally oppose exemptions," said Diane Standaert, executive vice president and director of state policy at the Center for Responsible Lending. "We don't think that an income-based assessment is enough to ensure that the loan will be safe."