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An automated repayment plan is when you authorize a lender to take regular payments directly from your bank or debit card when a payment is due.
The Bureau's proposed approach is intended to respond to many of these concerns by providing for a wide range of methods for obtaining verification evidence for a consumer's net income, including electronic methods that can be securely automated through third-party vendors with a consumer's consent.
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The author does a super job of describing how money is created via issuance of debt, since its fiat money with no gold backing.
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Without the benefit of experience or actual historical financials, it's easy to overestimate a new company's revenue and underestimate costs.
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