Agency letter promises to find out if five credit unions are staying within NCUA interest rate ceiling.
Qualified mortgage rule changes, payday lending review on agenda for 15-member panel's conference call.
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.
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.