It seems that the Consumer Finance Protection Bureau might be coming down hard on consumers regarding paying back most debt at once, including payday loans, auto title loans, deposit advance
products, and longer-term loans with balloon payments. Under the new rule, lenders will be required to conduct a
comprehensive “full-payment test” to determine upfront that borrowers
can afford to repay their loans without re-borrowing.
http://www.creditcounselinc.com/cfpb-releases-payday-lending-final-rule/
