Agency's guidelines will make it impossible for service providers to operate in the payday lending space.
Credit unions take a reserved approach as the CFPB releases its initial payday lending guidelines.
Toolkit designed to help lenders prep for the Aug. 1 mortgage disclosure rule.
The bureau's order targets National Collective Group, which allegedly made deceptive threats to consumers.
The bureau's initial proposal is based on NCUA payday lending reg.
Bureau also seeks input on how to highlight positive consumer experiences.
Comments from the public will assist the CFPB with a report to Congress.
WASHINGTON - Rep. Brad Sherman (D-Calif.) says those who criticize payday lending don't understand poverty.
In a congressional hearing, Cordray says he does not tell consumers what to do.
The CFPB still looking for input on overdraft fees.