CFPB Proposes Framework For Payday, Title along with other Installment Loans

CFPB Proposes Framework For Payday, Title along with other Installment Loans On June 2, 2016, the buyer Financial Protection Bureau (the “CFPB” or the “Bureau”) released a 1,340-page notice of proposed Rulemaking on short-term financing (the “Proposal”)[1]. Our initial, high-level findings in the Proposal, which we continue steadily to evaluate, are established below. The Proposal, …