The CFPB has proposed amendments to certain aspects of its payday lending rule

The CFPB has proposed amendments to certain aspects of its payday lending rule Section (c)(7)(iv)-Payday Alternative Loans (PALs II) The final rule creates a new provision, § (c)(7)(iv), that sets forth the requirements for PALs II loans. In the PALs II NPRM, a majority of commenters asked that the Board combine the PALs I rule […]