National Consumer Law Center

• Payday Lenders Association Also Backs Rules To Protect Seniors Accounts

  By David Morrison  |  July 23, 2010

  The Community Financial Association of America has released a statement supporting the regulation of firms which would tap into social security recipients accounts to repay payday type loans.

• Directly Deposited Benefits a Boon for Payday Lending, Report Says

  By David Morrison  |  July 20, 2010

  A new report from the National Consumer Law Center suggests that the push to have more social security benefits deposited directly in recipients accounts has made those recipients vulnerable to payday lending.

• Consumer Groups Want the NCUA to Crack Down on Payday Lending

  By David Morrison  |  July 7, 2010

  The National Consumer Law Center and Consumers Union have urged the NCUA to crack down on what they charge are overly expensive credit union branded payday loan products.

• CU Payday Loans Blasted Again

  By David Morrison  |  June 23, 2010

  The National Consumer Law Center has charged that certain credit union payday loan alternative products are little more than payday loans sold under a credit union label.

• CUs Dispute Over Payday Loan Alternative Profitability

  By David Morrison  |  June 17, 2010

  Does a payday loan alternative program have to be unprofitable to be good for members?

• Another Payday Loan Report Calls Out Some CUs

  By David Morrison  |  June 14, 2010

  Some credit unions are still making small value, short term loans that they say are not payday loans, but really they still are, according to a report developed by the National Consumer Law Center.

• It's Tax Season, Are Your Members Throwing Money Away on Refund Loans?

  By David Morrison  |  January 20, 2010

  Credit unions that help their members prepare and file their tax returns and then deposit their refunds in credit union accounts, are helping the members avoid losing millions of dollars in so called refund anticipation loans.