New CFPB study says more than 80% of payday loans are rolled over within 14 days. Study also says one in five payday borrowers collect monthly public benefits.
Financial Services chair points out CFPB's promises to be more transparent in call for advisory councils to be open to the public.
Consumer bureau releases report showing recovered funds in response to financial services complaints from service members.
CFPB Director Richard Cordray said credit unions should not let anything get in the way of serving their members.
WASHINGTON - Photos capture the first day of general sessions Monday at CUNA's GAC 2014.
WASHINGTON — CUNA President/CEO Bill Cheney also tells GAC he has never been more optimistic for the credit union industry.
Director Richard Cordray said the bureau hasn't yet implemented all Dodd-Frank mandates and may require new reports.
CFPB director sets the record straight on new rules and their effect on credit union mortgage lending.
CEO Adams said the Durbin Amendment sent billions in interchange to retailers, but financial institutions still bear risk and cost of breaches.
Director Richard Cordray said Dodd-Frank requires additional reporting, and CFPB is considering its own new requirements.