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Removing Barriers Blog

Small Dollar CFPB Rule Comment Period Extended to October 7
Posted July 22, 2016 by CUNA Advocacy

This week the CFPB announced that it will be extending the comment period for payday and small dollar loans to Oct. 7. This will provide credit unions a few extra weeks to provide feedback concerning the rule. Our new deadline for feedback will be September 19.

Credit unions are encouraged to review our comment call and the most updated analysis to determine whether the proposal could impact loans they offer.