Federal Judge Stays Implementation of Payday Loan Rule
Friday, November 16, 2018 8:00 AM

CUNA News reports that a judge in the U.S. District Court for the Western District of Texas ordered a stay Tuesday of the August 2019 compliance date of the Bureau of Consumer Financial Protection’s short-term, small-dollar lending rule. The Bureau said October 26 that it intends to issue a proposed rule to amend the "Payday Loan Rule" in January.

Source:  CUNA