Posts Tagged ‘Center for Responsible Lending’

NCUA Vows To Ensure Short-term Loan Compliance

The National Credit Union Administration will "aggressively pursue" institutions offering payday loans that do not meet agency-set standards, and will "continue to encourage credit unions to offer products that result in lower costs to credit [...]

Costly Bank Payday Loans Criticized in Report

  BY JESSICA SILVER-GREENBERG  Some of the nation’s largest banks continue to offer payday loans, pitched as advances on direct-deposit paychecks, despite growing regulatory scrutiny and mounting criticism about the short-term, high-cost loans. [...]

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