The Consumer Financial Protection Bureau has officially delayed the August 19 compliance date for the underwriting provisions of the agency's 2017 payday lending rule to Nov. 19, 2020.
The bureau issued a final ruling Thursday formally delaying the compliance date to November 2020 alongside a proposed rulemaking to rescind portions of the rule's ability-to-repay provisions.
Announcement Coincides with Refreshed Nacha Brand Uniting its Programs and Initiatives through New Visual Identity
ORLANDO, Fla., May 6, 2019 – The Nacha Board of Directors has selected Jane E. Larimer as the next President and CEO of Nacha effective July 1, 2019. The Board thanks Janet O. Estep, Nacha’s current President and CEO for her successful 11 years of leadership of Nacha and within the payments industry, and welcomes her assistance in the transition before she retires at the end of 2019.