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CFPB Has Spoken: Payday Lending Regs Drop

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The rules also make an exemption for community banks, credit unions and any other lenders that have not made such loans a big part of their business. Notably, we have no intention of disrupting lending by community banks and credit unions,” Cordray noted. So Now What? And there are a few avenues.

CFPB 51
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The Final Payday Lending Rule Drops (Now What)

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The rules also make an exemption for community banks, credit unions and any other lenders that have not made such loans a big part of their business. Notably, we have no intention of disrupting lending by community banks and credit unions,” Cordray noted. So Now What? And there are a few avenues.

Rules 40