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Payday lending

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  • May 8, 2020 at 4:03 pm EDT #32158
    TheBank
    Participant

    Does the stay on the Payday Lending rule apply to the entire regulation, or only the underwriting portion?

    May 12, 2020 at 7:21 am EDT #32161
    jholzknecht
    Keymaster

    The two major requirements of the Payday rule are the Underwriting and the Payment provisions, both of which are delayed by the stay.

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