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CFPB Payday Lending Rules 2.0 — What’s Next

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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

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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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Morgan Lewis Principal Weighs In On Payday Loan Debate

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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. This may be an election issue, given that the proposal pushes the date off to Nov.