CFPB Dilemmas Amendments to Payday, Car Name, and Select High-Cost Installment Loans Rule

CFPB Dilemmas Amendments to Payday, Car Name, and Select High-Cost Installment Loans Rule

REGULATORY ALERT

NATIONWIDE CREDIT UNION MANAGEMENT 1775 Duke Road, Alexandria, VA 22314

Dear Panels of Directors and Ceos:

On July 22, 2020, the buyer Financial safeguards Bureau granted a rule that is finalstarts brand new screen) amending components associated with Payday, car name, and Certain High-Cost Installment Loans guideline, 12 CFR component 1041 (CFPB Payday guideline).

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