CFPB Says Payday Lending, Debt Collection Rules Coming

Law360, New York (July 21, 2017, 4:19 PM EDT) -- The Consumer Financial Protection Bureau on Thursday said it intends to move forward with rules for the payday loan and debt collection markets even as rumors swirl about the future of the bureau’s director and Republicans look to nullify a recently released major regulation.

The CFPB said in its mid-year rulemaking agenda that it was reviewing comments and planned to move forward with two of the biggest regulations remaining on its regulatory docket — one governing the payday lending industry and another the market for debt collection. While the bureau did not provide a firm date for those rulemakings, both rules...

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