Letter to CFPB: Payday , Vehicle Title, and Certain High-Cost Installment Loans; Delay of Compliance Date

The Office of Advocacy of the U.S. Small Business Administration (Advocacy) submits these comments on the Bureau of Consumer Financial Protection’s proposed rule on Payday , Vehicle Title, and Certain High-Cost Installment Loans; Delay of Compliance Date.[1]   While Advocacy commends the Bureau for delaying the comment period for the Mandatory Underwriting Provisions of the regulation promulgated by the Bureau in November 2017 governing Payday, Vehicle Title, and Certain High-Cost Installment Loans (2017 Final Rule), Advocacy asserts that the other provisions of the 2017 Final Rule should be included in the delay as well.

Comment Letter

Fact Sheet

[1] 84 Federal Register 4298, February 14, 2019.