Bank Policy Institute
CFPBRulemakingCFPB-2019-0007

Payday, Vehicle Title, and Certain High-Cost Installment Loans; Delay of Compliance Date

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Jun 20, 2024
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closed 2689d ago
Bank Policy Institute filings
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Bank Policy Institute filed 1 comment on this docket between Mar 19, 2019 and Mar 19, 2019. 19 other organizations filed here. The comment window closed 2689d ago.

What Bank Policy Institute filed (1)

Mar 19, 2019· Comment Submitted by Naeha Prakash, Bank Policy Institute· CFPB-2019-0007-0082

Please see the attached comment letter from the Bank Policy Institute.

Abstract

The Bureau of Consumer Financial Protection (Bureau) is proposing to delay the August 19, 2019 compliance date for the mandatory underwriting provisions of the regulation promulgated by the Bureau in November 2017 governing Payday, Vehicle Title, and Certain High-Cost Installment Loans (2017 Final Rule or Rule) by 15 months to November 19, 2020. This proposal is related to another proposal, published separately in this issue of the Federal Register, seeking comment on whether the Bureau should rescind the mandatory underwriting provisions of the 2017 Final Rule.

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