Delighted Friday, Compliance Friends! Final autumn, certainly one of my peers posted a web log concerning the PAL exemption
beneath the CFPB’s Payday Lending Rule. To recharge your memory, the CFPB issued your final guideline at the beginning of October 2017. This rule is supposed to put a end as to what the Bureau coined because, “payday financial obligation traps”, but as written does, influence some credit unions’ items.