A panel of the Fifth Circuit Court of Appeals has set March 30, 2025 as the effective date of the CFPB’s payday lending rule.

The panel had previously set a date 286 days “from the resolution of the appeal” as the effective date, but it was not clear when that period would start. The court used the date that the U.S. Supreme Court ruled that the bureau’s funding mechanism was constitutional as the starting point.

The order setting the date did not say if or how the panel may have determined that there had been a “resolution” of the appeal.  The appeals court had recently denied a request by the Community Financial Services Association of America (CFSA) to hold a rehearing en banc on the group’s challenge to the rule.  However, in seeking reconsideration, the CFSA had said that it would seek further review by the Supreme Court should the request be denied.