Louisiana FCU charges far less than payday lenders, offering escape not predation, CEO Rhonda Hotard says.
Two of the nine credit unions hit in NCLC letter respond; NCUA says it'll look into the complaint.
Consumer advocates say most credit unions cited in 2010 have abandoned the practice.
Bureau report takes on deposit advance loans but stops short of promising new rules.
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.
Six banks named in report, charging abuse through high interest rates, other practices, and calling for program shutdowns.
Big bank says it will limit insufficient fund charges to combat practice of putting checks through to accrue multiple fees.
Letters to chief regulators calls for curbs on payday lending, citing risks to consumers and the institutions themselves.
Congress included language in the bill that gives MLA enforcement authority to the CFPB and NCUA.
DENVER — The NCUA will introduce a new regulatory relief package at its Sept. 20 board meeting, Chairman Debbie Matz said Wednesday.