Payday Lending
CFPB files response to get its cross-motion for summary judgment and continues to oppose wait of conformity date for re re re re payments conditions
The CFPB has filed its response meant for its cross-motion for summary judgment into the lawsuit filed by two industry trade teams challenging the CFPB’s rule that is final Payday, car Title, and Certain High-Cost Installment Loans (the Rule). The briefing in the events’ cross-motions for summary judgment has closed. The court has …
Trade groups file opposition to CFPB’s motion for summary judgment in Texas lawsuit challenging CFPB cash advance guideline
The industry trade teams challenging the CFPB’s last guideline on Payday, car Title, and Certain High-Cost Installment Loans (the Rule) have actually filed their combined opposition into the CFPB’s cross-motion for summary judgment and response to your CFPB’s opposition to your trade teams’ movement for summary judgment. The motion that is combined the filing of a …
CFPB publishes notice on intends to conduct research for developing loan that is payday
The CFPB has posted a notice within the Federal enroll showing it has employed a specialist to conduct consumer that is one-on-one “to evaluate and refine possible choices for a Bureau-designed payday loan disclosure.” The Bureau suggested whenever it issued its last guideline rescinding the ability-to-repay provisions in its last cash advance guideline it …
Community team files lawsuit in D.C. district that is federal to revive CFPB pay day loan guideline ability-to-repay conditions