On February 6, 2019, the CFPB issued a notice of proposed rulemaking to rescind the mandatory underwriting provisions of the Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule and to delay the compliance date of this section of the rule but left intact the payment provisions of the rule. The compliance date for the payment provisions is August 19, 2019. This webinar will break down the components of the payment provisions and what will be required under the new Rule when processing consumer payments by both bank and non-bank lenders that offer covered products. This will be the first of a series of webinars to cover this topic and will focus on the notice provisions required under the rule. Please join us.
For more information, view the event invitation.