CFPB Finalizes Payday Financing Guideline. Creditworthiness test On October 5, 2017, the CFPB finalized their long-awaited rule on payday, vehicle title, and particular high-cost installment loans, known as the payday credit tip. The last rule spots ability-to-repay specifications on lenders generating sealed short-term loans and covered long-term balloon-payment loans. For every covered loans, and for certain long-term installment debts, the ultimate tip also limits attempts by loan providers to withdraw