Group of groups call for regulator attention to payday lenders using automatic check debits.
Credit unions should train employees to look for triggers that would require disclosures and terms mandated by the Home Ownership and Equity Protection Act, said presenters Oct. 16 during a CUNA Mutual webinar.
CUNA Mutual webinar outlines disclosures and terms required by regulators.
Credit union witnesses will appear before panels to address CFPB reform and regulatory burden.
The Consumer Financial Protection Bureau's online complaint database should be expanded to include all of the nation’s credit unions and banks, regardless of size, according to National Community Reinvestment Coalition analysis released Oct. 8.
First the good news: The NCUA took some steps in the right direction this week when it announced reforms to its exam process. Chairman Debbie Matz’s letter to credit unions about the changes addressed complaints I’ve been hearing for quite a while.
ALEXANDRIA, Va. — Newest board member says call, write about changes credit unions think need made.
ALEXANDRIA, Va. — NCUA Board Member Rick Metsger: " I don’t see it being wise to say we’re going to hire a bunch of people to go look at everyone’s books."
Credit unions, banks will be examined to make sure they are preventing unlicensed payday transactions.
NCUA reforms a step forward but beware the idea of march toward expanded CFPB authority.