Regulatory & Compliance

CFPB-issued statement describes how it enforces the 2010 law prohibiting "abusive practices" against consumers.

The ECOA does not, on its face, extend to activities that could discourage people from applying for a loan in the first place.

For CUs that can't make a good loan to a subprime borrower under the 18% ceiling, charging more is not the answer.

The NCUA says the consolidation was in the best interests of RCEFCU members.

The federal agency also lifts a cease and desist order against a Michigan credit union.

"I want to do SAFE Banking. But this is clearly more important."