Pleased Friday, Compliance Friends! final autumn, certainly one of my peers posted a web log concerning the PAL exemption beneath the CFPB’s Payday Lending Rule. To recharge your memory, the CFPB issued one last guideline during the early October 2017. This guideline is supposed to place a end from what the Bureau coined because, “payday financial obligation traps”, but as written does, affect some credit unions’ items. Today’s blog will give you a higher level overview of what exactly is…