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CFPB | RIN: 3170-AA95 | Publication ID: Fall 2019 |
Title: Payday, Vehicle Title, and Certain High-Cost Installment Loans; Delay of Compliance Date | |
Abstract:
The Bureau announced in 2018 that it intended to open a rulemaking to reconsider its 2017 rule titled Payday, Vehicle Title, and Certain High-Cost Installment Loans. The 2017 rule initially had a compliance date in August 2019. The Bureau has since issued a final rule to delay the August 19, 2019 compliance date for the mandatory underwriting provisions of the regulation by 15 months, to November 19, 2020. The Bureau also made certain corrections to address clerical and non-substantive errors in other aspects of the 2017 rule. |
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Agency: Consumer Financial Protection Bureau(CFPB) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Completed Actions |
Major: Yes | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 1041 | |
Legal Authority: 12 U.S.C. 5512 12 U.S.C. 5531 and 5532 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 3170-AA80, Related to 3170-AA40 | |
Agency Contact: Kristine Andreassen Office of Regulations Consumer Financial Protection Bureau Washington, DC 20552 Phone:202 435-7700 |