On June 28, 2019, the CFPB updated their small entity compliance guide which summarizes the Payday Lending Rule’s payment-related requirements. On their website, the CFPB explains that the guide was updated to incorporate the changes that the Delay Final Rule made to the 2017 Payday Lending Rule.

The updated small entity compliance guide 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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