CFPB, DOD threaten small dollar loans: Matz

by: David Morrison

New regulations from the Department of Defense and CFPB could imperil credit unions’ efforts to offer reasonably priced, small dollar loans to service members, NCUA Board Chairman Debbie Matz warned.

Matz spoke at a May 5 meeting held by the Defense Credit Union Council’s Overseas Subcouncil in Dublin, Ireland.

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