On June 18, 2015, the CFPB will hold a public meeting of the Consumer Advisory Board to discuss trends and themes in the consumer finance market place. In particular, the agenda will include the Bureau's recent proposal to regulate payday loans, auto-title loans, and certain longer-term credit products. As we've previously reported, the Bureau is currently drafting payday lending regulations to govern a broader range of short-term loans than some originally anticipated.
The meeting will take place from 10:00 a.m. to 4:00 p.m. Central Time in the CenturyLink Center Omaha Convention Center, 455 N. 10th Street, Omaha, NE, 68102. If you'd like to attend, you must RSVP to [email protected] by 12:00 p.m. on June 17, 2015. Members of the public must include "CAB" in the subject line of the RSVP.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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