CFPB Problems Final Rules on Payday and Car Title Loans

CFPB Problems Final Rules on Payday and Car Title Loans

The customer Financial Protection Bureau (CFPB) issued its final guideline on payday, automobile name, and high-cost that is certain loans. The new guideline is effective and imposes strict underwriting demands and re re payment limitations on particular covered loans. Make sure to review our past blog post “CFPB Releases Long Awaited Small Dollar Rule: 5 Things you must know” for additional information. Luckily, unlike the CFPB’s original proposals, the last rule appears to own not a lot of applicability to many vehicle loan providers. Continue reading “CFPB Problems Final Rules on Payday and Car Title Loans”