BCFP Revisits Payday Rule, Expected January 2019

On October 26, 2018, the Bureau of Consumer Financial Protection (BCFP or Bureau) announced that it expects to issue a proposed rule in January 2019 reconsidering its previously-issued rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (Payday Rule or the Rule). According to the Bureau, it will revisit only the ability-to-repay provisions of the original rule since they “have much greater consequences for both consumers and industry than the payment provisions.”

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News and Opinion

from insideARM.com

» BCFP Revisits Payday Rule, Expected January 2019

» Ninth Circuit Drops the Hammer on Opt Out Evader in TCPA Case; Agrees One-Word Opt-Out is Reasonable Revocation Procedure

» Innovation: Opening the Door for Regulatory Engagement

» BCFP Releases Complaints Snapshot, Debt Collection No Longer No. 1

» PDCflow Celebrates 15 Years Serving Customers

» Crunch San Diego, LLC and Sirius XM Radio's Comments to FCC's Request Regarding Definition of ATDS

» 7th Circuit: Bring Possible Arbitration Agreement to Court’s Attention Early to Prevent Waiver

» Dave Hall Joins ACT Holdings, Inc. as Chief Sales and Marketing Officer

Ninth Circuit Drops the Hammer on Opt Out Evader in TCPA Case; Agrees One-Word Opt-Out is Reasonable Revocation Procedure

On Friday, October 26, the Ninth Circuit made it clear that it will not tolerate Opt-Out Evaders in its Circuit. Opt-out evaders are unpleasant residents of TCPAland that set up “test” cases by, inter alia, sending everything but “stop” to a texter in a bid to continue to receive more texts. They then sue the texter under the TCPA claiming that their privacy rights were invaded by the subsequent texts. Its pretty gross, but also pretty common. One such effort (scam?) was shut down in a recent case involving Edible Arrangements.

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Women in Consumer Finance Conference

10 December 2018 at 06:00 p.m.

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer Finance 2018 – a conference and networking event for ALL women in consumer finance.

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