Regulatory Oversight, Regulatory Requirements, Payday Loans

CFPB Plans Limited Enforcement of Payday Lending Rule

Sheppard Mullin Richter & Hampton LLP on 4/7/2025

On March 28, the CFPB announced that it will not prioritize enforcement or supervision of the remaining provisions of its Payday, Vehicle Title, and Certain High-Cost Installment Loans Regulation, which were set to take...more

NCUA finalizes rule authorizing new payday loan alternative option

Ballard Spahr LLP on 10/8/2019

The National Credit Union Administration has published a final rule in the Federal Register that amend the NCUA’s general lending rule to provide federal credit unions (FCU) with a second option for offering “payday...more

CFPB Fall 2018 rulemaking agenda confirms plans to consider rulemaking on “abusiveness” standard

Ballard Spahr LLP on 10/18/2018

The CFPB’s Fall 2018 rulemaking agenda has been published by the Office of Information and Regulatory Affairs (OIRA) as part of its Fall 2018 Unified Agenda of Federal Regulatory and Deregulatory Actions. (OIRA is part of...more

NYDFS calls for application of NY usury limits to all online lending and more regulation in online lending report

Ballard Spahr LLP on 7/13/2018

The New York Department of Financial Services (NYDFS) has issued an Online Lending Report that calls for the application of New York usury limits to all online lending and increased regulation of online lenders making loans...more

Plaintiffs in industry lawsuit challenging CFPB payday loan rule move for reconsideration

Ballard Spahr LLP on 6/22/2018

We have previously blogged about the industry challenge to the CFPB’s rule on payday/vehicle title/high rate installment loans. ...more

NCUA proposes second payday loan option

Ballard Spahr LLP on 6/5/2018

The National Credit Union Administration has published a notice in the Federal Register proposing to amend the NCUA’s general lending rule to provide federal credit unions (FCU) with a second option for offering “payday...more