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CFPB Payday Lending Rules 2.0 — What’s Next

PYMNTS

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.

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CFPB To Overhaul Payday Lending Rule

PYMNTS

The Consumer Financial Protection Bureau (CFPB) said it will now postpone the rule until Nov. The CFPB said it was worried the underwriting requirements could hinder customers’ access to credit, and competition as well.

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