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CFPB Problems Amendments to Payday, Car Title, and Certain High-Cost Installment Loans Rule

CFPB Problems Amendments to Payday, Car Title, and Certain High-Cost Installment Loans Rule

REGULATORY ALERT

NATIONWIDE CREDIT UNION MANAGEMENT 1775 Duke Street, Alexandria, VA 22314

Dear Panels of Directors and Ceos:

On July 22, 2020, the buyer Financial Protection Bureau issued a last guideline (starts brand new screen) amending components of the Payday, car Title, lendgreen loans near me and Certain High-Cost Installment Loans Rule, 12 CFR component 1041 (CFPB Payday Rule).