CFPB director, Richard Cordray reminds senators, "community banks and credit unions did not cause the financial crisis.”
Credit unions tell the CFPB they should be exempt from arbitration agreements due to the unique relationship CUs have with members.
New research from Pew Charitable Trusts show deep divide between banking policies and consumer preferences.
The meeting will cover debt collection and youth financial capability.
Credit unions can expect the directives of the future president to filter down to all federal agencies.
In an effort to outpace regulators, payday lenders move from a lump sum to installment repayment model.
Democrats on both sides of Capitol Hill are urging the CFPB to adopt strong rules restricting mandatory arbitration agreements in financial services and other contracts.
NAFCU’s speaker lineup for the September event also includes CFPB Director Richard Cordray.
A report says the bureau successfully takes rules’ impact on small businesses into account as per Dodd-Frank.
CUNA expresses dismay in a letter when the bureau reaffirms its position after meeting with credit union leaders.