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The Bureau also is not including a category of “other legally required payments” because the Bureau believes that category, which was included in the Small Business Review Panel Outline, would leave too much ambiguity about what other payments are covered.
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Standard Repayment – The borrower will pay a fix amount each month for the life of the loan.
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Add origination fees and rollover fees, and suddenly you are in a world of hurt.
I am used to this, as it took them six plus months to patch the xbox360, to fix core gameplay issues there.
However, they should be considered only for candidates applying for roles in which they would handle large amounts of money or assets, such as a chief financial officer, according to Aitken.