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. Some parts of the rules, however, did remain intact. There is also a 90-day period during which public comments on the proposed rule revisions are invited.
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