PYMNTS

OCTOBER 11, 2017

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. Payday lenders have exploited loophole after loophole to trap working people in debt, and this rule will help put an end to their abusive practices.”.

Rules 43

Rules CFPB NCUA Credit Union 43

PYMNTS

SEPTEMBER 23, 2019

CUs are facing pressure on the regulatory side as well, with banking advocacy organizations like the American Bankers Association (ABA) pressuring federal regulators to block rule changes that would help CUs compete with large banks. The industry remains strong in the face of these challenges, however. percent and total deposits by 6.9

Credit Union 63

Credit Union NCUA Online and Mobile Banking Underserved 63

PYMNTS

JULY 31, 2017

In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth. million in Q2 of this year alone, with the value of loans held by credit unions now almost at $885 billion.

Credit Union 45

Credit Union NCUA P2P Regulations 45

PYMNTS

OCTOBER 12, 2016

The Consumer Finance Protection Bureau suffered a major blow in Federal Appeals Court yesterday when a three judge panel ruled that parts of its leadership structure are unconstitutional. This ruling changes that, making current Director, Richard Cordray, and those who follow, more accountable to the President for their rulings and decisions.

CFPB 60

CFPB Rules FRB NCUA 60

Innovative Payments Association

FEBRUARY 24, 2025

As evidence of this, Rodney Hood, the former chairman of the National Credit Union Administration Board (NCUA) , was appointed to be the acting comptroller on Feb. But that did not lead to him being nominated for the comptroller position. Jonathan McKernan, the CFPB nominee, was nominated to head the CFPB on Feb.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FDIC CFPB 40

PYMNTS

JUNE 21, 2019

Roosevelt in 1934, gave the National Credit Union Administration (NCUA) the authority to set maximum credit union interest rates. held that such rules could not be enforced against nationally chartered banks. In fact, CU interest rates are capped by federal regulations. First of Omaha Service Corp.

Credit Cards 40

Credit Cards Credit Union Caps NCUA 40

FICO

DECEMBER 15, 2020

Supreme Court set to rule in Facebook v. New Debt Collection Rules Are Here to Stay. The final rule addresses debt collection communications and interprets and applies prohibitions on harassment or abuse, false or misleading representations, and unfair practices. Now, with the U.S.

BSA 52

BSA Suspicious Activity Report (SAR) Financial Inclusion AML 52