October, 2017
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Arbitration Rule Overturned by Senate
On October 24th, the Senate voted 51-50 to strike down the Consumer Financial Protection Bureau’s new Arbitration Rule, with Vice President Mike Pence casting the tie-breaking vote.
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CFPB Issues Payday Lending Rule
On October 5, the Consumer Financial Protection Bureau (CFPB) issued a final rule on payday, vehicle title and high-cost installment loans.
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CFPB Issues Interim Rule and Proposal
On October 4th the Consumer Financial Protection Bureau (CFPB) issued an interim final rule and a proposed rule impacting mortgage servicing.