Yesterday, the CFPB released a document with Frequently Asked Questions (FAQs) pertaining to the
Small Dollar Lending Rule. The FAQs discuss Covered Loans, Payment Transfers, and Payment Notices.
You can read the FAQs here: https://www.consumerfinance.gov/policy
compliance/guidance/consumer-lending-resources/payday-lending-rule/payday-lending-rule-faqs/

You can also read previously released resources about the Small Dollar Lending Rule including a Small
Entity Compliance Guide here: https://www.consumerfinance.gov/policy
compliance/guidance/consumer-lending-resources/payday-lending-rule/