Tag: dept

Business Law & Regulations, Finance

Obama administration proposes regulations to address payday loan ‘debt traps’

June 6, 2016

Via: Jurist

The Consumer Financial Protection Bureau (CFPB) proposed a rule on Thursday seeking to address predatory loaning practices by “payday” and other high-interest lenders. The 1,000-plus-page regulation suggests two policies of note. First, the agency proposed that those lending short-term, pay-day […]

Business Law & Regulations, Finance

Debt Service Coverage Ratio – What It Is and How to Calculate It

April 25, 2016

Via: Fit Small Business

When you apply for a small business loan, numbers can mean everything. For example, the lender will want to know your income, your credit score, and your Debt Service Coverage Ratio (or DSCR). Debt Service Coverage Ratio (DSCR) measures your […]