CFPB director testifies Tuesday at Senate Banking Committee hearing.
Fraudulent loans led to collapse of Cleveland credit union in 2010.
Credit unions could suffer unfair risks to their reputation and consumers might have confidential data released.
House Republicans asked tough questions of Richard Cordray about his plans for running the Consumer Financial Protection Bureau, but the session wasn’t as hostile as it was when Elizabeth Warren testified.
Three months and still no hearing. That has been the fate so far of Carla Decker, President Obama’s nominee to succeed Gigi Hyland on the NCUA Board.
Approximately 45% of federally insured credit unions would have to develop interest rate risk management policies that include extensive use of risk measurement systems and internal controls, according to a rule approved by the NCUA Board at its Jan. 26 meeting.
Spanish-speaking consumers can obtain additional information on credit unions and the services they provide from the expanded NCUA website.
Rules on corporate credit unions, chartering and fees paid by FCUs to the NCUA are on this year's list of regulations being reviewed.
The NCUA achieved a rare feat this week when it released its proposed rule on troubled debt restructuring: favorable reviews from two of its most frequent critics.
The hearing will take place the day after Valentine’s Day, but there probably won’t be any candy and flowers for the witnesses.