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MoFo Reenforcement The Enforcement Blog

Tag Archives: short-term loans

Lawmakers Request That the CFPB Consult With State Officials Before Proceeding With Its Proposed Rulemaking on Short-Term Lending

Posted in CFPB, Payday Lending, Regulatory Developments

In an April 8, 2016 letter to Richard Cordray, Director of the Consumer Financial Protection Bureau (“CFPB,” or “Bureau”), Representatives Randy Neugebauer (R-TX) and Mick Mulvaney (R-SC) requested that the Bureau convene a forum of state and tribal officials to discuss their perspectives and experiences with regulating short-term, small-dollar credit products, prior to issuance of… Read More

CFPB Publishes Semi-Annual Rulemaking Agenda

Posted in Arbitration, Auto Lending, CFPB, Credit Reports, Mortgage, Payday Lending, Regulatory Developments, Student Lending

Just in time for the holidays, the CFPB released its Fall 2015 rulemaking agenda on Friday, November 20. The agenda does not include any major surprises, but it does slightly revise the projected timeline for several highly anticipated rulemaking activities. This alert lays out the highlights to consider between doses of turkey, football, and family…. Read More

Come One, Come All

Posted in Auto Lending, CFPB, Payday Lending

On June 18, 2015, the CFPB will hold a public meeting of the Consumer Advisory Board to discuss trends and themes in the consumer finance market place.  In particular, the agenda will include the Bureau’s recent proposal to regulate payday loans, auto-title loans, and certain longer-term credit products. As we’ve previously reported, the Bureau is… Read More

CFPB Intends to Regulate Payday Lenders

Posted in CFPB, Payday Lending, Regulatory Developments, State Regulators

According to a report in The New York Times’ Dealbook, the payday lending regulations the Consumer Financial Protection Bureau is drafting would govern a broader range of short-term loans than some may like, with car title loans and installment loans falling under the guidelines, and would create measures aimed at curbing what the Bureau has… Read More