Distribution Date: Thursday, October 19, 2017 at 10:00 AM ET.
Target Audience: General Counsels and In-House Counsel in this region: North America. Contacts from the following InterAction lists have been included: Corporate: Fintech and Payments, and Financial Services.
InterAction Mailing List: Review Your Contacts on the Mailing List │ Review All Contacts on the Mailing List │ How to Add Your Contacts to the Mailing List
Forwarding Client Alerts: We encourage you to forward this alert to contacts personally. Before doing so, please delete the text above the ‘Stay Current’ banner.
For Assistance: Click here to submit a Client Alert │ Click here for InterAction questions │ Click here for questions regarding this alert
(Bcc: All Attorneys, Paralegals, Client Service Specialists, Office Administrators, Business Development Global, Knowledge Management, PR Contacts, Conflicts, and IT Trainers)
CFPB Payday Rule: A Ban or a Blueprint for the Future of Short-Term Consumer Lending?By Chris Daniel, Lawrence Kaplan, Sara Weed, Paul Yu & Maya McKenzie |
On October 5, 2017, the Consumer Financial Protection Bureau ("CFPB" or "Bureau") issued its final rule concerning Payday, Vehicle Title, and Certain High-Cost Installment Loans. This article sets forth the scope of the rule and its requirements, while also discussing its ramifications and how the rule forms a blueprint for the future of consumer lending. |
Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. |
This email was sent to ~firstName~ ~lastName~ at ~emailAddress~ Stay Current is published solely for the interests of friends and clients of Paul Hastings LLP and should in no way be relied upon or construed as legal advice. The views expressed in this publication reflect those of the authors and not necessarily the views of Paul Hastings. For specific information on recent developments or particular factual situations, the opinion of legal counsel should be sought. Paul Hastings is a limited liability partnership. Copyright © 2017 Paul Hastings LLP. © 2017 All Rights Reserved | Paul Hastings LLP | 515 South Flower Street, Twenty-Fifth Floor | Los Angeles, CA 90071 | www.paulhastings.com |