61) Overall, the CFPB argues that the Proposal is necessary to adequately protect consumers because state regulations have not been able to substantially reduce rates of reborrowing
and effectively protect particularly vulnerable borrowers.
The loans currently offered by federal credit unions appear to be substantially safer with regard to risk of default, reborrowing
and collateral harms from unaffordable payments than many alternative products on the market today," the CFPB said.
It would bar lenders from taking auto titles as collateral and would make it difficult for them to "push distressed borrowers into reborrowing
China discovered what London bankers have long exploited by means of rehypothecation of assets, borrowing and reborrowing
up to four times the value of underlying assets to generate new cash for trading.
It is anticipated that the final rules will include a requirement for lenders to determine at the outset that the consumer can repay the loan when due--including interest, principal and fees for add-on products--without defaulting or reborrowing
Also, there is the risk that reducing the size of the public debt will improve Lebanon's credit rating, resulting in lower interest rates, which in turn will provide an incentive and irresistible opportunity to borrow more, inducing Lebanon into a cycle of reborrowing
The cause is the protection of that imaginary piece of real estate known as "the public domain" and the "free culture" that has always, Lessig argues, been built upon and interleaved with it--the culture of transformative art, of sharing and borrowing and reborrowing
and retransforming, of collages, cover versions, dramatizations, fictionalizations, and adaptations--the whole universe of ways new art builds upon and emerges from old.
Gordon Brown, as Chancellor, has a duty of care towards the British people, even if we as consumers are unable to recognise that we a reborrowing
If, for instance, in a case of apparent obsolescence or reborrowing
(23) the word has in addition a sufficiently good Semitic etymology, it has been assumed that association with a known Semitic vocable is responsible for the group writing and that the item can therefore be safely used for the purposes of this study.
If you owe $80,000 and borrow $30,000, you are reborrowing
the $80,000 at a higher rate of interest.
To satisfy those set of circumstances where borrowing, payment, and reborrowing
have fallen into a recurring pattern (e.
However, through reborrowing
under its revolving credit facility, the Company intends to make investments in debt securities consistent with its investment objective and for other general corporate purposes.