Finanse i konsumenci · 11/05/2023

CFPB Proposes Rule on PACE Financing Under EGRRCPA

The Consumer Financial Protection Bureau (CFPB) proposes a new rule to implement the Economic Growth, Regulatory Relief, and Consumer Protection Act's (EGRRCPA) Section 307, which directs the CFPB to establish ability-to-repay rules for Property Assessed Clean Energy (PACE) financing. The proposed rule aims to address how the Truth in Lending Act (TILA) applies to PACE transactions, given their unique nature.