The bureau's initial proposal is based on NCUA payday lending reg.
In a congressional hearing, Cordray says he does not tell consumers what to do.
SAN DIEGO — The $2B WSECU discovers members were writing $1M in money orders to payday lenders.
Bureau reiterates focus on payday lending, concerned consumers are getting trapped in the loans.
The $135M Landings Credit Union finds continued success in micro loan promotions.
DETROIT – Payday loans paid off in installments rather in one lump sum are significantly less expensive for consumers, carry less rollover for borrowers, and result in a smaller payday loan industry.
Tom Nix shares why it was easier to sell his check cashing firm to a credit union instead of a bank.
In a new tell-all book, the former owner of Nix Check Cashing details his experience with Kinecta Federal Credit Union.
New CFPB study says more than 80% of payday loans are rolled over within 14 days. Study also says one in five payday borrowers collect monthly public benefits.
Center for Responsible Lending report alleges excessive multiple charges, re-ordering to maximize fee income.