Several organizations have weighed in on the CFPB's proposed changes to prepaid card governance.
The CFPB proposes new disclosure requirements but stops short of mandating deposit insurance.
Regulator says borrowers' heirs can be added to a mortgage without triggering ability-to-repay rules.
WASHINGTON – A public forum announcing the pilot program featured a credit union executive among panelists supporting the measure.
Big data providers aren't providing quality credit scoring information, according to a recent study from the National Consumer Law Center.
Tom Nix, who sold his family financial services business to Kinecta FCU in 2007, shares details on the deal and his eventual departure.
A consumer coalition voiced support to federal financial regulators attempts to prevent payday lenders from using the electronic check system to debit their customer's checking accounts for loan payments.
Group of groups call for regulator attention to payday lenders using automatic check debits.
A credit union that shares leadership with the Illinois Credit Union League is issuing a credit card that consumer advocates have condemned as a consumer unfriendly, “fee-harvesting” card.
You can regulate the money out of the business, but you can’t regulate the personal responsibility out of the consumer. No matter what Washington does to keep credit unions and other lenders from taking advantage of the less well-educated, the desperate and the elderly, ultimately consumers have to take responsibility...