COURT REQUESTS ADDITIONAL BRIEFING AFTER CFPB FILES MOTION TO LIFT STAY OF PAYDAY LOAN RULE PAYMENT PROVISIONS

After the CFPB filed a motion in pending litigation to lift the stay
of the compliance date for the payment provisions of the CFPB
Payday Lending Rule, the federal district court issued an order
requesting additional briefing from both parties concerning what
would be the appropriate compliance date if the court were to rule in
favor of the CFPB on the summary judgment motions. READ MORE