President Obama circumvented Senate Republicans and made a recess appointment of Richard Cordray to run the Consumer Financial Protection Bureau. In making the appointment he explained that we “shouldn’t be weakening oversight and accountability, we should be strengthening it–especially when it comes to looking out for families."
Cordray follows Wednesday's recess appointment with Thursday call to action.
Letter from Chairman Matz says industry is "turning corner" but that troubling trends remain.
President does end around of GOP blockade of appointment; Cheney says move "holds ramifications" for credit unions.
President Obama plans to name former Ohio Attorney General Richard Cordray the director of the Consumer Financial Protection Bureau.
Anthony Raguz among seven suspects to plead against alleged ringleader in fraud that brought down suburban Cleveland credit union.
Program initiated after collapse of Eastern Financial CU and its 2009 merger into Space Coast CU.
CFPB now has jurisdiction, sets Feb. 27 as deadline for comments on EFT rules.
The agency isn’t disclosing the nature of the action or the financial institution involved.
This online only article accompanies the comprehensive looks at the year gone by in the Dec. 21 Year-in-Review print edition of Credit Union Times.