Consumer Financial Protection Bureau details incidents of “unscrupulous lenders” not honoring Electronic Fund Transfer Act.
Consumer Financial Protection Bureau Director Richard Cordray said the bureau fully intends to be the cop on the beat taking on the four Ds: Debt traps, dead-end markets, deceptive marketing and discrimination.
Credit unions might only need a re-evaluation of existing loan products to compete.
Both set to meet after the mid-term election to discuss proposal that limits payday lending at credit unions.
The NCUA's Consumer Protection Office also gives unsatisfied members a voice.
Supervisory committees are a serious, legitimate option in resolving complaints.
The Pentagon's proposal is more restrictive than NCUA payday loan alternative rules. Credit cards and overdraft financing also affected.
Since the day I agreed to become the next president and CEO of CUNA, I’ve made it my mission to become more familiar with credit union philosophy, operations and goals.
Clifford Rosenthal, the former CEO of the National Federation of Community Development Credit Unions, has started gathering information about the creation and early days of community development financial institutions.
Effort aims to highlight the early days and creation of community development financial institutions.