There’s no private sector payday loan solution that protects both the lender and the borrower.
A bill requiring the CFPB to conduct a study on proposed payday lending rules moves to the House floor.
A report urges the bureau to study the arbitration issue further and consider how the rules might affect credit unions.
The Financial CHOICE Act includes credit union exam cycle and call report changes, and calls for a CFPB commission.
Readers aren't shy about putting in their two cents about various status quo disruptions bubbling up in the industry.
Is it much ado about nothing or cause for concern?
A revised regulatory agenda also includes potential overdraft, prepaid account and mortgage disclosure rules.
Trades urge the CFPB to exempt CUs from a proposal intended to protect consumers' right to sue financial institutions.
The CFPB's payday loan regulations may leave those in need of short-term loans with few options.
Knowing the CFPB’s language is key to keeping your credit union poised for growth and stability.