Proposed rules that will “reconsider” its rules regarding payday lending are expected to be issued in January, the federal consumer financial protection agency said Friday. In a statement, the Bureau of Consumer Financial Protection (BCFP, […]
Calling it an important step to “promote innovation in the financial services marketplace,” the acting director of the federal consumer financial protection agency late Tuesday praised action by the Treasury Department and the regulator of […]
Legal haggling over the federal consumer financial protection agency’s regulation of payday loans took a new turn in federal court in Texas Tuesday when a district court judge found the regulation’s effective date remains in […]
The federal regulator of credit unions is proposing a second payday loan option – and perhaps even a third – that it hopes will lead to a “safe harbor” from the federal consumer financial protection […]
The “payday lending rule” issued by the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) last year stands in place for now, as a deadline passed this week for Congress to take […]
Adopted regulations and new rulemaking authorities are the latest topics for a “request for information” (RFI) – the eighth in the series of an expected dozen – issued by the federal consumer protection agency March […]
The payday loan rule, scheduled to take effect now, may be reconsidered, the Consumer Financial Protection Bureau (CFPB) said Tuesday. In a statement, the bureau said it intends to engage in a rulemaking process that […]
The CFPB today will finally publish its final rule on payday and vehicle title loans — released in Oct. 5 – with an effective day in mid-January (60-days after publication in the Federal Register). As […]
Federal Register summary: The Consumer Advisory Board of the CFPB will meet to discuss: Know Before You Owe: Reverse Mortgages; Financial well-being, trends and themes; payday, vehicle title, and certain high-cost installment loans. Meeting location: Hilton […]
The withdrawal of guidance about “deposit advance products” (DAP) to national banks – possibly opening options for banks to offer payday and other short-term loans — is set to be published in the Federal Register […]
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