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Home » Store » News » Court Stays Compliance Date of Payday Rule Pending Rulemaking

Court Stays Compliance Date of Payday Rule Pending Rulemaking

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Lenders no longer need to start complying with the CFPB’s payday-lending rule on Aug. 19, 2019, a judge ruled. In an unexpected development, Judge Lee Yeakel of the U.S. District Court for the Western District of Texas Austin Division last week reversed his prior orders that denied the request to delay the compliance date of the payday rule. The case was filed by two industry groups – Community Financial Services Association of America and Consumer Service Alliance of Texas ...
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