A new rule allowing credit unions to issue payday loans of any amount up to $2,000, fully amortized over a term of one to 12 months, will take effect the first Monday after Thanksgiving, according […]
The delay in the compliance date of the mandatory underwriting provisions of payday lending rules is reflected in an updated “small entity compliance guide” published by the federal consumer financial protection agency, announced Monday. The […]
Credit unions are on notice: The federal consumer financial protection agency has delayed for 15 months the mandatory underwriting provisions’ compliance date for its rule on “payday lending,” the federal regulator stated in a letter […]
A final rule delaying the Aug. 19 compliance date, to Nov. 19, 2020, for mandatory underwriting provisions of the payday, vehicle title and “certain high-cost installment loans” – the 2017 payday lending rule – was […]
A case involving payday lenders and access to bank accounts has been resolved with the Federal Deposit Insurance Corp. (FDIC) agreeing to take certain actions, the agency said Wednesday. In a release, the FDIC said […]
A federal judge last week left in place a stay on the Aug. 19 effective date of the payday lending regulations now in place, an asterisk to the proposed changes issued in February by the […]
At least 87 comments are now on file to the proposed change in the effective date of “ability to repay” provisions of the federal consumer financial protection agency’s regulation for payday lending, according to initial […]
Despite saying she has an “open mind” about a proposed rule on payday lending, the director of the federal consumer financial protection agency faced a flurry of questions from Democratic senators in a hearing Tuesday […]
Setting priorities for the federal consumer protection agency, including the tone for how it operates as an agency, are the tasks ahead for its new director, she told a congressional oversight hearing Thursday at the […]
Payday, Vehicle Title, and Certain High-Cost Installment Loans; Delay of Compliance Date (mandatory underwriting provisions) Details: Reg Lookup item
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