Finance & markets · 14/02/2019

Bureau Proposes Delay of Compliance Date for Payday, Vehicle Title, and Certain High-Cost Installment Loans Regulation

The Bureau of Consumer Financial Protection is proposing to delay the compliance date for the mandatory underwriting provisions of the 2017 Final Rule governing Payday, Vehicle Title, and Certain High-Cost Installment Loans by 15 months, from August 19, 2019, to November 19, 2020, amid consideration of rescinding the rule.