Federal Judge Rejects CFPB’s Effort to Halt Payday Lending Rule
American Banker, June 13, 2018–Kate Berry (subscription)
A federal court dealt a blow to efforts by the Consumer Financial Protection Bureau to slow down the agency’s payday lending rule. U.S. District Judge Lee Yeakel on Tuesday denied the request by acting CFPB Director Mick Mulvaney that the court delay the payday rule’s effective date, which is set for next year.
