CFPB Issues Guide for Its Payday Lending Rule

ALEXANDRIA, Va. – On February 20, 2019, the Consumer Financial Protection Bureau (CFPB) issued a Small Entity Compliance Guide on the payment-related provisions of its Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule. The Guide covers aspects of the rule that go into effect on August 19, 2019.

Review the Consumer Financial Protection Update