Credit Union Times’ recent report about a letter sent by NCUA Board Chairman Debbie Matz to the National Consumer Law Center and the Center for Responsible Lending led me to question the agency’s priorities. I continue to be puzzled by why the NCUA, and especially Matz, expends so much energy...
Consumer advocate's push against credit union short-term lenders hurting those they think they're protecting.
Agency letter promises to find out if five credit unions are staying within NCUA interest rate ceiling.
XtraCash says it and its clients exceed bar set by payday lenders and if forced to meet NCUA standards, the credit unions couldn't do it.
Louisiana FCU charges far less than payday lenders, offering escape not predation, CEO Rhonda Hotard says.
Two of the nine credit unions hit in NCLC letter respond; NCUA says it'll look into the complaint.
Consumer advocates say most credit unions cited in 2010 have abandoned the practice.
The National Consumer Law Center continued its criticism of payday lending CUSOs in a NCUA comment letter on proposed amendments to the CUSO rule.