Regulatory
Statement on Ability To Repay and Immigration Status
Issued by Consumer Financial Protection Bureau
What the record says
The Consumer Financial Protection Bureau (Bureau or CFPB) is issuing this statement to remind creditors of their obligations under the Truth in Lending Act (TILA) as implemented by Regulation Z, and consistent with Executive Order 14406, titled "Restoring Integrity to America's Financial System."
This is a factual description of what was issued or decided, not an assessment of it.