On June 2, 2016, the customer Financial Protection Bureau (the “CFPB” or perhaps the “Bureau”) released a notice that is 1,340-page of Rulemaking on short-term lending (the “Proposal”)[1]. Our initial, high-level findings regarding the Proposal, which we continue steadily to evaluate, are established below.

The Proposal, on top of other things, could be the time that is first CFPB has utilized its authority to stop unjust, deceptive or abusive functions or techniques (“UDAAP”) as being a foundation for rulemaking. Read More CFPB Proposes Framework For Payday, Title along with other Installment Loans