CFPB issues final rule delaying final rule’s amendments to 2017 payday lending rule

The CFPB has issued a final rule delaying the August 19, 2019 compliance date for the mandatory underwriting provisions of the 2017 payday lending rule to November 19, 2020.

The bureau also provided an unofficial redline illustrating the changes the delay final rule makes to the 2017 payday lending rule and an executive summary of the delay final rule.

To learn more, visit CFPB’s website.