Cards Compliance Lending Texas 
Abrigo
JANUARY 30, 2024
REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.
CFPB Monitor
JULY 28, 2020
Following the court’s initial stay of the lawsuit, the court entered an order in November 2018 staying the August 19, 2019 compliance date for both the 2017 Rule’s ability-to-repay provisions and its payment provisions. While both sides now agree that the stay of the lawsuit should be lifted, they disagree on next steps.
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CFPB Monitor
NOVEMBER 30, 2020
The trade groups also argue that if the court upholds the payments provisions and lifts its stay of the Rule’s effective date, it should not allow the Bureau to require immediate compliance. They assert that the stay was requested 445 days before the effective date and was entered with 286 days remaining until the effective date.
CFPB Monitor
JULY 27, 2021
The CFPB has filed a motion to lift the stay of the compliance date for the payment provisions in its 2017 final payday/auto title/high-rate installment loan rule (2017 Rule). In May 2018, the Texas federal district court hearing the lawsuit filed by two trade groups challenging the 2017 Rule entered an order staying the lawsuit.
CFPB Monitor
OCTOBER 26, 2018
Earlier today, the Bureau of Consumer Financial Protection released a Public Statement Regarding Payday Rule Reconsideration and Delay of Compliance Date. This treatment of card payments can only be ascribed to the hostility to high-rate lending characteristic of the former leadership of the Bureau.
CFPB Monitor
OCTOBER 29, 2020
More specifically: The ratification did not change the amount of time companies have to come into compliance (with the Bureau commenting that “[i]f some lenders put preparations on hold in hopes that [the provisions] would be invalidated before the Court ever lifted the stay, that was a gamble they took.”).
CFPB Monitor
SEPTEMBER 21, 2015
Hughes, Senior Vice President of Card Marketing, Discover Financial Services, Deerfield, Ill. Kukla, Senior Vice President, Center for Responsible Lending, Durham, N.C. Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. Harlingen, Texas. Quick, Vice President of Compliance, First Hope Bank, N.A.,
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