CFPB, Federal Agencies, State Agencies, and Attorneys General
Early in the day this week, with a party-line 34-26 vote, the House Financial solutions Committee passed H.R. 4861, a bill apparently meant to relieve limitations on short-term, small-dollar loans created by depository institutions. The bill is a component associated with the efforts of House Republicans to present greater relief that is regulatory banks than could be given by S.
OCC responds to CFPB’s last pay day loan guideline by rescinding its deposit advance product gu
Hours following the CFPB circulated its final payday/auto installment that is title/high-rate guideline on October 5, 2017, the OCC rescinded its gu …
CFPB problems proposed payday/auto title/high-rate installment loan guideline
Needlessly to say, the CFPB https://paydayloanstexas.org/ issued its payday that is proposed loan, in a launch running 1,334 pages. The CFPB additionally issued reality sheet summarizing the proposition. On June 15, 2016, from 12 p.m. to 1 p.m. ET, we are going to hold a webinar regarding the proposition: The CFPB’s Proposed Payday/Auto Title/High-Rate Installment Loan Rule: Can …
On March 26, the CFPB held a general public hearing on payday and automobile title lending, exactly the same time so it circulated proposed laws for short-term small-dollar loans. Virginia Attorney General, Mark Herring offered starting remarks, during that he asserted that Virginia is regarded as the “predatory lending capital for the East Coast,” suggesting that payday …
CFPB shows its hand on payday (and name and longer-term high-rate) lending
The CFPB has relocated one step nearer to issuing pay day loan guidelines by releasing a news release, factsheet and outline regarding the proposals its cons …
