The brand new Agency also needs factual statements about the sort off user safeguards inquiries associated with the imposition from prepayment charges in the prolonged-cycle, high-prices secured finance as well as have whether comparable questions occur in the low-safeguarded financing affairs. From the Concurrent Proposal, this new Bureau has actually indexed one to penalizing people to own prepaying fund with menstruation away from lower than 2 years might inconsistent which have consumers' standards because of their loans and may even avoid consumers regarding paying bills that they or even could retire.