BAI Webinar

Payday lending

What You Need to Know

DATE: August 19, 2020
TIME: 1:00 - 2:00 PM CT

On July 7, 2020 CFPB issued the final rule related to Payday Lending Rule. This final rule revokes the Mandatory Underwriting Provisions of the 2017 Payday Lending Rule. This file rule is scheduled to go into effect in 90 days. This webinar will walk you through what loans are covered by the requirements (hint: it is not just what you would typically think of as a “payday loan”) and how to determine whether the provisions will apply to you. It will also provide an overview of the regulatory changes and what you need to do to comply.

Join us for this complimentary BAI webinar for insights into how you can manage these regulatory requirements.

Key Takeaways:

  • What loans are covered
  • Provisions of the Rule that apply to you
  • How to comply with the requirements


Shelley Foster
Senior Manager


Shelley Foster is a Certified Regulatory Compliance Manager (CRCM) and a Certified Community Bank Internal Auditor (CCBIA). Shelley specializes in providing regulatory compliance and internal audit services to financial institutions. She has over 20 years of experience in the financial institution industry and has been a compliance officer, internal auditor, and BSA Officer. Her experience enables her to provide guidance to clients on how to manage regulatory changes and expectations of regulators.