2020, Legal Support and NOV

Morgan Lewis Principal Weighs In On Payday Loan Debate

PYMNTS

FEBRUARY 18, 2019

The agency has said that keeping the requirement would negatively impact consumer access to credit and hurt competition in the markets – and, added the CFPB, there is “insufficient evidence and legal support” for the provision. This may be an election issue, given that the proposal pushes the date off to Nov.

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Verification Legal Support

CFPB To Overhaul Payday Lending Rule

PYMNTS

FEBRUARY 6, 2019

The Consumer Financial Protection Bureau (CFPB) said it will now postpone the rule until Nov. 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

CFPB Consumer Financial Protection Bureau (CFPB) Rules Underwriting

Payments Space

Morgan Lewis Principal Weighs In On Payday Loan Debate

CFPB To Overhaul Payday Lending Rule

Webinars

Stay Connected