CFPB To Reconsider Controversial Payday Lending Rule

Law360, New York (January 16, 2018, 3:39 PM EST) -- The Consumer Financial Protection Bureau on Tuesday said it plans to reopen a controversial rule that would bring federal regulations to the payday lending and auto-title lending industries, likely indicating that the rule will be significantly weakened.

Office of Management and Budget director Mick Mulvaney, right and shown in November, is a known opponent of the rule. He is serving as the acting director of the CFPB under an appointment by President Donald Trump, left, that is currently being contested at the D.C. Circuit. (AP) The CFPB under its former director, Richard Cordray, finalized a rule in October that would for...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!