Newsroom
March 14, 2014
CFPB March 25 field hearing set on payday loans
March 17, 2014 – CFPB is scheduled to hold a field hearing on payday loans at 11 a.m. CDT March 25 at the Nashville Public Library Auditorium in Nashville, Tenn.
The field hearing will feature remarks from CFPB Director Richard Cordray, the bureau said in its "save the date" blog post. Testimony from consumer groups, industry representatives and members of the public is also slated.
The event is open to the public and requires an RSVP.
CFPB began accepting complaints about payday loans in November. NAFCU continues to closely monitor the data the bureau collects and releases, and has raised concerns about the reputation risk that false complaints in the system could create.
Credit unions are authorized by NCUA to offer small-dollar, short-term loans to their members. The NCUA rules set strict limits on the amount, duration and number of loans that can be provided to a single member at any one time. NCUA says this type of lending grew to $27 million last year, up 27.6 percent from year-end 2012.
NAFCU continues to encourage the agency to provide credit unions as much flexibility as possible in providing their members viable, less-costly loans than they could get elsewhere.
The field hearing will feature remarks from CFPB Director Richard Cordray, the bureau said in its "save the date" blog post. Testimony from consumer groups, industry representatives and members of the public is also slated.
The event is open to the public and requires an RSVP.
CFPB began accepting complaints about payday loans in November. NAFCU continues to closely monitor the data the bureau collects and releases, and has raised concerns about the reputation risk that false complaints in the system could create.
Credit unions are authorized by NCUA to offer small-dollar, short-term loans to their members. The NCUA rules set strict limits on the amount, duration and number of loans that can be provided to a single member at any one time. NCUA says this type of lending grew to $27 million last year, up 27.6 percent from year-end 2012.
NAFCU continues to encourage the agency to provide credit unions as much flexibility as possible in providing their members viable, less-costly loans than they could get elsewhere.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.