payday lending

• Letter: Payday Assault by NCUA Will Not End Well

  By Marvin Umholtz  |  June 19, 2013

  Credit Union Times’ recent report about a letter sent by NCUA Board Chairman Debbie Matz to the National Consumer Law Center and the Center for Responsible Lending led me to question the agency’s priorities. I continue to be puzzled by why the NCUA, and especially Matz, expends so much energy...

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  Financial Nannies Are Convinced They Know Best: Editor/Publisher's Column

  By Sarah Snell Cooke  |  June 14, 2013

  Consumer advocate's push against credit union short-term lenders hurting those they think they're protecting.

• NCUA Investigating Five XtraCash Credit Unions

  By David Morrison  |  June 6, 2013

  Agency letter promises to find out if five credit unions are staying within NCUA interest rate ceiling.

• CFPB CU Advisory Council Planning Wednesday Tel-Con

  By Heather Anderson  |  June 4, 2013

  Qualified mortgage rule changes, payday lending review on agenda for 15-member panel's conference call.

• Payday Lending CUSO Says it Offers Valuable Service

  By David Morrison  |  May 22, 2013

  XtraCash says it and its clients exceed bar set by payday lenders and if forced to meet NCUA standards, the credit unions couldn't do it.

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  Credit Union CEO Defends Payday Loan Program

  By David Morrison  |  May 22, 2013

  Louisiana FCU charges far less than payday lenders, offering escape not predation, CEO Rhonda Hotard says.

• Two Payday Lending Credit Unions Emphasize CUSO Role

  By David Morrison  |  May 17, 2013

  Two of the nine credit unions hit in NCLC letter respond; NCUA says it'll look into the complaint.

• NCLC Charges Nine FCUs Still Offering Payday Loans

  By David Morrison  |  May 17, 2013

  Consumer advocates say most credit unions cited in 2010 have abandoned the practice.

• CFPB’s Payday Lending Criticism Includes Banks, Credit Unions

  By Heather Anderson  |  April 24, 2013

  Bureau report takes on deposit advance loans but stops short of promising new rules.

• Payday Lending Vilified Again

  By David Morrison  |  March 27, 2013

  A new report from the Center for Responsible Lending has documented that payday lending at six large banks is continuing, and the reported alleged it is damaging consumers financially.