The bureau's new rules could eventually level the playing field between banks and nonbanks.
Amendment would push the effective date to Oct. 1; CFPB cites an administrative error as a motive.
Only three circumstances will require additional review time for borrowers, Cordray says.
Companies in Florida falsely told consumers they'd receive legal representation, the CFPB says.
Chartering new credit unions requires commitment and effort, and regulatory burdens are a leading drawback.
The CFPB accuses PayPal of illegal practices involving its PayPal Credit product.
Public comments initiative launches Thursday with a field meeting in Milwaukee, Wis.
Counting fees on payday-alternative credit union loans would put them over the DOD cap, Debbie Matz warns.
Regions Bank fails to opt in customers for courtesy pay program, charges $49M in illegal fees.
EMV conversion won't reduce fraud if retailers don't also require a PIN or signature verfication.