Resources to help industry understand, implement, and comply with the Payday Lending Rule. On August 11, 2020, the Bureau issued several Frequently Asked Questions (FAQs) about the Small Dollar Lending Rule. Access the Small Dollar Lending ;· The New Payday Loan Rules”. This 30-minute flash webinar will help you determine if you are covered by the payday lending rule. If you find you are subject to the Rule, you won’t want to miss “Payday Loan Requirements” on April 30, 2019, where we will spend two hours covering the ins and outs of the new Rule. Published Diane Dean 03/29/1909/08/2019 · The parties’ status report informed the court that the CFPB issued a final rule on June 6 delaying the compliance date for the underwriting provisions of the rule until November 19, 2020, and that the bureau continues progressing on its other rulemaking, which proposed to remove the underwriting ;· The trade groups, in their brief, argued that any order lifting the stay should set the compliance date no earlier than 445 days (or, at a minimum, 286 days) from the date the court lifts the stay, reflecting the time left for compliance when the stay was sought (or entered).07/06/2019 · Agency Rule-Making & Guidance CFPB Payday Rule Courts Payday Lending Underwriting. On June 6, the CFPB released a final rule to delay the August 19, 2019 compliance date for the mandatory underwriting provisions of the agency’s 2017 final rule covering “Payday, Vehicle Title, and Certain High-Cost Installment Loans” (the Rule). Compliance with these provisions of the Rule is now due by November 19, ;· The Consumer Financial Protection Bureau published its final rule, "Payday, Vehicle Title, and Certain High-Cost Installment Loans," at 82 FR 54472 in today's Federal Register. The rule is to become effective January 16, 2018, with most sections carrying a compliance date of August 19, 2019. Today's publication will start the 60-legislative-day period under the CongressionalOn June 6, 2019 the CFPB published a final rule (Delay Final Rule) to delay the August 19, 2019 compliance date for most of the Mandatory Underwriting Provisions to November 19, 2020. On July 7, 2020, the CFPB published a final Payday Loan Rule (Revocation Rule) that rescinds the Mandatory Underwriting Provisions of the 2017 ;· The Consumer Financial Protection Bureau issued a final rule late Thursday to delay the compliance date for mandatory underwriting provisions of the 2017 payday lending rule. The move, which was expected, delays the compliance date for those provisions by 15 months, until Nov. 19, ;· Subsequently, in November 2018, the court entered an order staying the August 19, 2019 compliance date for both the 2017 Rule’s ability-to-repay provisions and its payment provisions. Following the CFPB’s rescission of the 2017 Rule’s ability to repay provisions in July 2020, the parties jointly moved to lift the stay of the litigation.

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