ICYMI: A Summary for the CFPB’s Payday Lending Rule

ICYMI: A Summary for the CFPB’s Payday Lending Rule

Pleased Friday, Compliance Friends! Final autumn, certainly one of my peers posted a web log concerning the PAL exemption under the CFPB’s Payday Lending Rule. To recharge your memory, the CFPB issued one last rule in very early October 2017. This guideline is supposed to place a end as to what the Bureau coined since, “payday financial obligation traps”, but as written does, affect some credit unions’ items. Continue reading “ICYMI: A Summary for the CFPB’s Payday Lending Rule”