The CFPB has proposed a new rule that will apply to payday loans, auto title loans, deposit advance products and certain high-cost installment and open-end loans. The rule would create new ability-to-repay requirements calling for lenders to ensure the borrower will have enough income to afford the loan while meeting their other financial obligations and living expenses. Lenders would also be barred from offering a “roll-over” loan to customers within 30 days of their previous loan. Lenders would be required to use credit reporting systems to report and obtain information on certain loans covered by the proposal. The proposal would also limit repeated debit attempts that can rack up more fees and may make it harder for consumers to get out of debt.