PYMNTS

FEBRUARY 7, 2019

While there were many provisions to the payday lending rules as originally passed, the one that caused the greatest controversy was the “ability to repay” provision that would have required short-term lenders to establish a borrower’s ability to repay before offering them a small-dollar, short-term lending product. The Path To Revision.

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Regulations 40

CB Insights

MAY 10, 2018

Welch instituted a new rule that GE would only be involved in an industry if it could be the #1 or #2 player in the industry. Globalization was driving new transnational legal issues, and this increased complexity made it beneficial for business leaders to have legal support close and on-call at any time.

Consulting 78

Consulting On-Demand Legal Laws 78

PYMNTS

FEBRUARY 6, 2019

The rule, which was supposed to go into effect in August, was meant to federally regulate short-term loans geared toward low-income customers. The Consumer Financial Protection Bureau (CFPB) said it will now postpone the rule until Nov. She has an open mind and … wants to review the comments that come in.”.

CFPB 54

CFPB Consumer Financial Protection Bureau (CFPB) Rules Underwriting 54

PYMNTS

FEBRUARY 18, 2019

The agency has said that keeping the requirement would negatively impact consumer access to credit and hurt competition in the markets – and, added the CFPB, there is “insufficient evidence and legal support” for the provision.

Consumer Financial Protection Bureau (CFPB) 49

Consumer Financial Protection Bureau (CFPB) CFPB Verification Legal Support 49