United States:
CFPB To Issue New Payday Rule In 2019
02 November 2018
Cadwalader, Wickersham & Taft LLP
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The Consumer Financial Protection Bureau ("CFPB") stated that it expects to issue proposed rules
in January 2019 aimed at (i) amending the Payday, Vehicle Title, and Certain High-Cost
Installment Loans rule and (ii) delaying the rule's
compliance date. The CFPB clarified that it is currently planning
to revisit only the ability-to-repay provisions and not the
payments provisions.
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