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Remove 2017 Remove Legal Support Remove Underwriting
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CFPB Payday Lending Rules 2.0 — What’s Next

PYMNTS

FEBRUARY 7, 2019

6), with the announcement that the Consumer Financial Protection Bureau (CFPB) will overhaul a series of 2017 payday loan regulations, set to go into effect in August 2019. The next chapter in the ongoing saga that is payday loan regulation officially began yesterday (Feb. Some parts of the rules, however, did remain intact.

CFPB 40
CFPB Rules Consumer Financial Protection Bureau (CFPB) Regulations 40
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CFPB To Overhaul Payday Lending Rule

PYMNTS

FEBRUARY 6, 2019

The CFPB said it was worried the underwriting requirements could hinder customers’ access to credit, and competition as well. The bureau’s proposal suggests there was insufficient evidence and legal support for the mandatory underwriting provisions in the 2017 final rule,” the CFPB said.

CFPB 54
CFPB Consumer Financial Protection Bureau (CFPB) Rules Underwriting 54
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