NAFCU Compliance We Blog. Today’s web log will give you a higher level overview of what exactly is contained in the CFPB’s Payday Lending Rule.

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Payday Lending

ICYMI: A Summary associated with CFPB’s Payday Lending Rule

Published by: AndrГ© B. Cotten, Regulatory Compliance Counsel

Delighted Friday, Compliance Friends! final autumn, certainly one of my peers posted a weblog concerning the exemption that is PAL the CFPB’s Payday Lending Rule. To recharge your memory, the CFPB issued your final guideline at the beginning of October 2017. This guideline is supposed to place a end as to what the Bureau coined since, “payday financial obligation traps”, but as written does, influence some credit unions’ services and products. Read more…