PYMNTS

OCTOBER 6, 2017

Interestingly, the CFPB’s regulatory nudge to credit unions was followed up with an unexpected signal boost from the Office of the Comptroller of Currency an hour later, when it formally rescinded Obama-era guidance that made it more difficult for banks to offer a payday loan-like product called deposit advance. So Now What?

CFPB 51

CFPB Regs Rules Credit Union 51

PYMNTS

OCTOBER 6, 2017

Interestingly, the CFPB’s regulatory nudge to credit unions was followed up with an unexpected signal boost from the Office of the Comptroller of Currency an hour later, when it formally rescinded Obama-era guidance that made it more difficult for banks to offer a payday loan-like product called deposit advance. So Now What?

Rules 40

Rules CFPB Credit Union Regulations 40

PYMNTS

OCTOBER 11, 2017

“The final rule published today will devastate an industry that serves nearly 30 million American customers each year,” noted Edward D’Alessio, executive director of the Financial Service Centers of America. Andy Horowitz pointed out that banks, even when they have clear regulatory guidance, will still need to build the products.

Rules 43

Rules CFPB NCUA Credit Union 43