CFPB’S Payday Lending Rule Proposal Probably Not Coming Out Last Month

In its Spring 2015 rule-making agenda, the CFPB estimated that its proposed payday lending rule would be issued "later in 2015." In its Fall 2015 rule-making agenda, that date was pushed back to February 2016. Industry watchers are now placing current estimates at later this spring. [3/9/16]