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

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

Pleased Friday, Compliance Friends! Final autumn, certainly one of my peers posted a web log in regards to the exemption that is PAL the CFPB’s Payday Lending Rule. The CFPB issued a final rule in early October 2017 to refresh your memory. This guideline is supposed to place an end from what the Bureau coined since, “payday financial obligation traps”, but as written does, affect some credit unions’ services and products. »

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