Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The CFPB expects to issue its proposed rules governing payday, auto title and similar loan products within the next several weeks, the agency said in its revised regulatory agenda.

The proposed rules will cover such areas as the failure by lenders to determine whether consumers have the ability to repay without defaulting or taking out an additional loan, the agency said. In addition, the proposed rules will cover certain payment collection practices.

David Baumann


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.