In an effort to outpace regulators, payday lenders move from a lump sum to installment repayment model.
Readers weigh in on the latest credit union hot topics.
When it comes to serving the needs of the underbanked, credit unions can't sit on the sidelines.
It's still true today: Credit unions exist to provide financial services to those banks won't serve.
The CFPB's proposed payday lending rule exemption isn't a panacea for credit unions.
The bureau reports banks, credit unions penalize borrowers when a payday lender’s attempt to collect payment fails.
Payday loan alternatives and fraud alerts benefit members plus boost credit unions’ bottom lines.
Counting fees on payday-alternative credit union loans would put them over the DOD cap, Debbie Matz warns.
Agency's guidelines will make it impossible for service providers to operate in the payday lending space.
Credit unions take a reserved approach as the CFPB releases its initial payday lending guidelines.