Bureau, Payday Groups Denied Stay Of Payday Rule Again

August 8, 2018

On Wednesday, August 8, 2018, a Texas federal judge again turned down a request from the Bureau and two payday lender trade groups to stay the August 2019 compliance date of the agency’s so-called payday rule.  U.S. District Judge Lee Yeakel declined Tuesday to reconsider his June order that stayed a lawsuit challenging the rule, nor did he stay the rule’s compliance date.