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

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

REGULATORY ALERT

Dear Panels of Directors and Chief Executive Officers:

On July 22, 2020, the customer Financial Protection Bureau issued a final guideline (starts brand new screen) amending components associated with the Payday, car Title, and Certain High-Cost Installment Loans Rule, 12 CFR component 1041 (CFPB Payday Rule). Continue reading CFPB Problems Amendments to Payday, Car Title, and Certain High-Cost Installment Loans Rule