NAFCU Compliance We We Blog. Today’s weblog will give you a level that is high of what is within the CFPB’s Payday Lending Rule.

NAFCU Compliance We We Blog. Today’s weblog will give you a level that is high of what is within the CFPB’s Payday Lending Rule.

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Payday Lending

ICYMI: A Summary regarding the CFPB’s Payday Lending Rule

Compiled by: AndrГ© B. Cotten, Regulatory Compliance Counsel

Pleased Friday, Compliance Friends! Final autumn, certainly one of my peers posted a web log in regards to the PAL exemption under the CFPB’s Payday Lending Rule. To recharge your memory, the CFPB issued one last guideline at the beginning of October 2017. This guideline is supposed to place an end as to the the Bureau coined because, “payday financial obligation traps”, but as written does, affect some credit unions’ services and products. Continue reading “NAFCU Compliance We We Blog. Today’s weblog will give you a level that is high of what is within the CFPB’s Payday Lending Rule.”