American Federation of Labor - Congress of Industrial Organizations

• 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.

• Consumer, Urban Coalitions Pushing Regulators Again on Payday Loans

  By David Morrison  |  March 20, 2013

  Letters to chief regulators calls for curbs on payday lending, citing risks to consumers and the institutions themselves.

• Fraud Concerns Raised by Fed Proposal to Reduce Check Hold Times

  By Claude R. Marx  |  June 13, 2011

  Parts of a proposed Federal Reserve regulation that would require credit unions to reduce the hold time on certain checks could increase the incidents of fraud and threaten safety and soundness, according to letters from CUNA, NAFCU and several credit unions.

• Labor, Consumer Groups Endorse Stricter Limits On Incentive-Based Compensation

  By Claude R. Marx  |  June 6, 2011

  View varies from credit union industry leaders who say proposed new rules are too restrictive.

• Florida Unions Ask Members to Pull Funds From Banks

  By Jim Rubenstein  |  April 25, 2011

  Organized labor in Florida is asking its members to pull their funds out of major banks supporting what labor leaders call a union-busting bill.

• Obama Set to Sign Overhaul Bill; Much Speculation about CFPB Head

  By Claude R. Marx  |  July 20, 2010

  President Obama is scheduled to sign the financial regulatory overhaul bill tomorrow and among credit union advocates and other groups there is much wondering about who will be the first head of the Consumer Financial Protection Bureau.