Overview

On October 5, 2017, the CFPB issued its final small dollar loan rule. Comprising 1,690 pages, the final rule has profound implications for the future of the consumer financial services industry, impacting entities offering payday, auto title, installment and open-end loans. Please join us for a discussion of the final rule and its effect on the industry and related products.

Topics

• An overview of the CFPB’s final rule on small dollar loans, including ability to repay requirements and payment restrictions;

• Impact on the consumer financial services industry and payday, installment, title and open-end products;

• Products excluded from the final rule;

• Implications for deposit advance loans;

• Possible legal and political challenges to the rule;

• When the final rule might become effective; and

• What you can do now to prepare for the final rule.