Payday/High-cost Loans

National Coalition of 130 Non-Profit Groups Opposing Delay of the CFPB Payday Lending Rule

In a letter to the Director of the Consumer Financial Protection Bureau Director Kraninger, 130 national consumer groups detailing their strong opposition to the CFPB proposal to delay the August 19, 2019 compliance date for the Mandatory Underwriting Provisions of the 2017 Final Rule governing Payday, Vehicle Title, and Certain High-Cost Installment Loans