Consumer Financial Protection Bureau Ruled Unconstitutional

Many of our clients are concerned about the so-called Federal Payday Loan Rules that were written in 2017 with an effective date in 2019. The Payday Loan Rules were authored by a governmental agency known as the Consumer Financial Protection Continue reading Consumer Financial Protection Bureau Ruled Unconstitutional

What is the status of the Federal Payday Loan Rules?

The short answer to this question is the Bureau of Consumer Financial Protection (BCFP) has postponed implementation of the new rules. Additionally, the Federal Payday Loan Rules are being litigated in Federal Court (Austin, Texas). Finally, the leadership of the BCFP Continue reading What is the status of the Federal Payday Loan Rules?