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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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Morgan Lewis Principal Weighs In On Payday Loan Debate

PYMNTS

The Consumer Financial Protection Bureau ( CFPB ) said earlier in the month that it will look to overhaul a number of payday loan regulations that were put in place in 2017 and were slated to go into effect in August of this year. That would entail verification of a borrower’s income, debt and spending habits.