Topic: Payday Lending
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CFPB will not prioritize enforcement of Payday Lending Rule
NEWS: The Consumer Financial Protection Bureau (CFPB) has announced that it will not prioritize enforcement or supervision actions under its payday lending rule. In its press release, the CFPB said that it is […]
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League backs CFPB proposal to regulate “earned wage access” services
NEWS: In a letter to the CFPB yesterday, The League expressed its support for a proposed interpretive rule that would subject “earned wage access” (EWA) services to Truth in Lending & Reg. Z. […]
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CFPB Payday Lending Rule to take effect March 30, 2025
NEWS: In a recent blog post, the CFPB announced that its Payday Lending Rule, which was put on hold during litigation, will go into effect on March 30, 2025. The CFPB issued […]
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CFPB’s small business lending rule gets new effective dates
NEWS: In light of last week’s U.S. Supreme Court decision (which we covered in this Compliance Courier) that the Consumer Financial Protection Bureau’s (CFPB’s) funding mechanism is constitutional, the Bureau has announced […]
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CFPB’s small business lending rule gets new effective dates
NEWS: In light of last week’s U.S. Supreme Court decision (which we covered in this Compliance Courier) that the Consumer Financial Protection Bureau’s (CFPB’s) funding mechanism is constitutional, the Bureau has announced […]
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Supreme Court rules that CFPB funding is constitutional
NEWS: The Consumer Financial Protection Bureau’s (CFPB’s) funding mechanism, which bypasses the congressional appropriations process, is constitutional, the Supreme Court ruled today, reversing a lower federal appeals court. The case had threatened […]
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B080 Payday and Vehicle Title Loans
This release applies to state and federal credit unions. What follows in this ii Release is a summary of the CFPB’s final Payday, Vehicle Title, and Certain High-Cost Installment Loans […]
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NCUA: 12 CFR 701.21(c)(7)(iii) Payday alternative Loans (PAL loans) – for FCUs only
(Current as of June 15, 2016) §701.21 Loans to members and lines of credit to members. ***** (c) General rules— ***** (7) Loan interest rates— ***** (iii) Payday alternative […]
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B046 Consumer Kwik-Cash Loans
The following release is a step-by-step explanation of how to do Kwik-Cash loans using the consumer Kwik- Cash loan agreement (#82033) available through The League Supply Department. EXHIBIT A – […]
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B035 Single Payment Loans
This release explains the customary use of closed-end single payment loans and the special compliance requirements that apply. The league no longer sells a separate single payment loan note, so […]