Court Continues Keep Of Litigation And Compliance Date In Trade Group Lawsuit Challenging CFPB Cash Advance Rule
Court Continues Keep Of Litigation And Compliance Date In Trade Group Lawsuit Challenging CFPB Cash Advance Rule The Texas federal region court hearing the lawsuit filed by two trade teams challenging the CFPB’s final payday/auto title/high-rate installment loan guideline (Payday guideline) entered an order on August 6 that when once again continues the stay regarding the lawsuit plus the August 19, 2019 conformity date for both the Payday Rule’s ability-to-repay (ATR) conditions and its own payment conditions. Your order directs the events to file another joint status report by December 6 “informing the court about procedures linked to the Rule and also this litigation while the events deem appropriate.”