Mick Mulvaney, the acting director of the Consumer Finance Protection Bureau, received questions from Senator Elizabeth Warren of Massachusetts, the head Democrat on the House Financial Services Committee and Rep. Maxine Waters of California as to why new payday laws aren’t being implemented. According to...
June 07, 2019
The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug. 19, 2019 compliance date for the mandatory underwriting provisions for its short-term, small-dollar (payday) rule, according to various reports. Compliance is being delayed 15 months, to Nov. 19, 2020. The CFPB is also correcting several errors in the rule. The Consumer Bankers Association (CBA) commended […]
February 01, 2018
Mick Mulvaney, the acting director of the Consumer Finance Protection Bureau, received questions from Senator Elizabeth Warren of Massachusetts, the head Democrat on the House Financial Services Committee and Rep....
