On August 11, 2020, the CFPB added a number of FAQs to their existing Payday Lending FAQs which were originally released on July 7, 2020. The updated FAQs cover questions in the following topic categories:

Covered loans
Payment transfers
Payment notices

The full FAQs can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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