The NCUA will likely have much to consider as it reads through more than 280 comment letters that came in on the agency’s proposal to amend the CUSO rule.
The National Consumer Law Center continued its criticism of payday lending CUSOs in a NCUA comment letter on proposed amendments to the CUSO rule.
The National Consumer Law Center has issued a report that is critical of the fees many unemployed people have to pay because their states put unemployment benefits on cards.
Unemployment, rising debt and financial uncertainty are continuing to change the perception of those who are using payday loans.
An NCLC report describes how many for-profit schools began making costly private student loans after third-party lenders terminated their partnerships with the schools following the credit crash.
The National Consumer Law Center, a longtime opponent of some credit union payday loan alternative programs, has recommended qualities that a credit card that is "safe" for consumers would have.
The National Consumer Law Center, a longtime opponent of some credit union payday loan alternative programs, has recommended qualities a credit card that is "safe" for consumers would have--and that many credit union issued cards have already.
Guest blogger Charles Bruen, CEO of First Entertainment Credit Union, questions the choice of Elizabeth Warren to head up the formation of the Consumer Financial Protection Bureau.
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.
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.