CFPB Compliance Deadline: Payday, Vehicle Title, and Certain High-Cost Installment Loans

Compliance Deadlines Add to Calendar 2020-10-20 12:00:00 2020-10-20 12:00:00 CFPB Compliance Deadline: Payday, Vehicle Title, and Certain High-Cost Installment Loans The CFPB published a final rule delaying the compliance date for the mandatory underwriting provisions of the 2017 final rule governing Payday, Vehicle Title, and Certain High-Cost Installment Loans by fifteen months from August 19, 2019, to November 19, 2020. This final rule also makes conforming changes and corrections to address non-substantive errors. Note: Credit unions do not have to comply with the Payments Provisions (Subpart C) until a court-ordered stay is lifted. Final Regulation – 17-EF-10, 19-EF-07, 20-EF-19 Compliance Blog – 10/23/17, 8/19/19 Download the latest full Compliance Calendar, including proposed regulations, past deadlines and more. Location NAFCU digital@nafcu.org America/New_York public

The CFPB published a final rule delaying the compliance date for the mandatory underwriting provisions of the 2017 final rule governing Payday, Vehicle Title, and Certain High-Cost Installment Loans by fifteen months from August 19, 2019, to November 19, 2020. This final rule also makes conforming changes and corrections to address non-substantive errors.

Note: Credit unions do not have to comply with the Payments Provisions (Subpart C) until a court-ordered stay is lifted.

Final Regulation – 17-EF-10, 19-EF-07, 20-EF-19

Compliance Blog – 10/23/17, 8/19/19

Download the latest full Compliance Calendar, including proposed regulations, past deadlines and more.