Company is in the process of testing and certifying issuer processors that support more than 1,000 credit unions.
Consumer Financial Protection Bureau Director Richard Cordray said the bureau fully intends to be the cop on the beat taking on the four Ds: Debt traps, dead-end markets, deceptive marketing and discrimination.
From 2009 to 2013, 46% of CUNA Mutual bond claims paid involve employee dishonesty.
Two employees to pay combined restitution of nearly $775,000.
Organizations blast credit union trade groups for misleading the media and Congress.
CUNA survey of 835 credit unions reveals 7.2 million cards affected at an average cost of $8.02 per card.
From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.
Bureau investigation finds some servicers divided payments to maximize late fees charged to borrowers.
In newly-created position, Chief Economist Bill Hampel will advise President/CEO Jim Nussle on policy and strategy.
Bureau reiterates focus on payday lending, concerned consumers are getting trapped in the loans.