Distribution Date: Thursday, October 19, 2017 at 10:00 AM ET.
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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.
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