The CFPB has proposed amendments to certain areas of their payday lending guideline Section 701.21(c)(7)(iv)—Payday Alternate Loans (PALs II) The rule that is final a newer provision, В§ 701.21(c)(7)(iv), that sets forth what’s needed for PALs II loans. A majority of commenters asked that the Board combine the PALs I rule and proposed PALs II […]