Yesterday, in Community Financial Services Association of America, Ltd. v. Consumer Financial Protection Bureau, a lawsuit involving implementation of the payment provisions of the Payday, Vehicle Title, and Certain High-Cost Installment Loans Regulation (the “Small Dollar Rule”), the district court ruled on the Consumer Financial Protection Bureau’s (CFPB) and the Community Financial Services Association’s (CFSA)
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Illinois Caps Consumer Loans at 36% Rate, Limiting Consumers’ Access to Credit
New FAQ Responses to Small Dollar Rule Address Auto and Mortgage Lending, Payment Transfers and Notices Inclusion
OCC Proposes Clarification to True Lender Doctrine
OCC, FDIC Issue Long-Awaited Valid-When-Made “Madden Fix”
CFPB Rescinds Small Dollar Rule Ability to Repay Provisions However Payment Provisions Remain
The NCUA Doubles Amount Credit Unions Can Offer for Payday Alternative Loans
FHA Tasked With Improving Reverse Mortgage Oversight
FHA Extends Non-Borrowing Spouse Protections
Stay of Litigation and Compliance Date Continued in Payday Lending Rule Lawsuit
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