Financial Overhaul Was Mixed Bag for CUs and Consumers
Credit unions and other financial institutions are likely to face an added regulatory burden as a result of the regulatory overhaul bill passed by Congress this year.
The upside, it could have been worse.
"Too many creditors use complex forms, so it is harder to determine prices at the beginning of the transaction," she said during a December speech to the Consumer Federation of America. "When competitors can obscure the price of credit, companies that make cheaper or better products can't compete."
Republicans who will control the House next year have said they will closely monitor how the bureau and other regulators implement the bill and aren't averse to use the funding process to exert leverage.