Credit unions that want to really succeed at working with low-income members and communities need to embrace doing it, advocates suggested.
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.
Bureau reiterates focus on payday lending, concerned consumers are getting trapped in the loans.
Operation Choke Point investigation could result in better transparency for all financial regulators.
ORLANDO, Fla. — Can mobile banking help a credit union better serve more unbanked and underbanked consumers?
The Trailblazer Service to the Underserved winner, the $61 million Lower Valley Credit Union, uses auto loans to provide opportunities for the underserved.
Rural Washington credit union uses auto loans as a major tool for serving its farm-based membership.
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.
Big bank says it will limit insufficient fund charges to combat practice of putting checks through to accrue multiple fees.
Credit opens check casher to help serve lower income community.