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Under Dodd-Frank, the CFPB may issue CIDs to financial institutions as part of an investigation.

Mid East Tennessee Community CU posts much higher delinquency rates than its peers.

The policy would fully cancel loans in about three-quarters of households with student debt.

In a related development, the House Financial Services Committee will hold a hearing about payday lending on April 30.

There is concern over the growing risk to the government's almost $1.3 trillion portfolio of federally-insured mortgages.

"We believe credit unions are best positioned to succeed when supervised and examined by a regulator particularly familiar with their unique characteristics ..."