Where the Short-Term, Small-Amount Loan Stands Today

The NCUA just released proposed changes to the short-term, small-amount loan (STS) program, which allows federal credit unions to offer a viable alternative to predatory payday lending.

Fed Proposes Rule Under Reg. Z Pertaining to Ability to Repay Mortgage and Minimum Underwriting Standards

The proposal would apply to all consumer mortgages except home equity lines of credit, timeshare plans, reverse mortgages, or temporary loans.