Tag: Small Dollar Rule

The Small Dollar Lending Rule: Make the Most of Your Two Attempts

The Consumer Financial Protection Bureau (CFPB) originally passed the Final Rule on the Payday, Vehicle Title, and Certain High-Cost Installment Loans in 2017. The rule is also referred to as the Payday lending Rule or  Small Dollar Lending Rule. In 2020 the final rule was issued, removing the underwriting requirements but still mandating the payment provisions. The payment provisions prohibit […]