CFPB Problems Amendments to Payday, Car Title, and Certain High-Cost Installment Loans Rule

REGULATORY ALERT Dear Panels of Directors and Ceos: On July 22, 2020, the customer Financial Protection Bureau issued a last guideline (starts new screen) amending components associated with the Payday, car Title, and Certain High-Cost Installment Loans Rule, 12 CFR component 1041 (CFPB Payday Rule). although the CFPB Payday Rule became effective on January 16, […]