Court Delays CFPB Payday Rule While Industry Challenge Continues
Collection Industry News
OCTOBER 18, 2021
The rule under appeal is a slimmed-down version of regulations first issued in October 2017 by former Director Richard Cordray, an Obama appointee. The district court judge rejected the industry’s motion to stay the regulation while the trade groups appealed his ruling to the Fifth Circuit. Chopra was sworn into his post on Oct.
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