Ballard Spahr
Podcast

A Close Look at the CFPB Payday Loan Rule's Payment Provisions

by the Consumer Financial Services Group
June 20, 2019
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In this week’s podcast, we take a close look at the CFPB payday loan rule’s payment provisions that could become effective as early as this August if the current court stay is lifted.  After reviewing the limits and disclosures mandated by the payment provisions, we explain why the provisions are deeply flawed and discuss the court stay’s status and impact on lenders’ implementation of the provisions.

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