What Are You Doing? The CFPB Reassesses Its Rule Governing “Payday, Car Title, and Certain High-Cost Installment Loans”

What Are You Doing? The CFPB Reassesses Its Rule Governing “Payday, Car Title, and Certain High-Cost Installment Loans”

Over per year after announcing its intend to reconsider its rule that is final onPayday, Vehicle Title, and Certain High-Cost Installment Loans” (the “Rule”), the buyer Financial Protection Bureau (the “CFPB”) formally posted into the Federal join two notices of proposed rulemaking on February 14, 2019 (collectively, the “NPRMs”) that rescind the Rule’s so-called “Mandatory Underwriting conditions” and expand the compliance due date for many conditions by 15 months to November 19, 2020. Continue reading “What Are You Doing? The CFPB Reassesses Its Rule Governing “Payday, Car Title, and Certain High-Cost Installment Loans””