The National Consumer Law Center continued its criticism of payday lending CUSOs in a NCUA comment letter on proposed amendments to the CUSO rule.
By Michelle A. Samaad |
Updated on October 21, 2011
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The National Consumer Law Center continued its criticism of payday lending CUSOs in a NCUA comment letter regarding the agency’s proposal to amend the CUSO rule.
“We are particularly concerned about a very small number of CUSOs (and credit unions) that are engaged in payday lending or activities supporting payday lending,” the NCLC wrote in its Sept. 26 letter that was recently posted on the NCUA’s site.
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