WASHINGTON — CUNA President/CEO Bill Cheney also tells GAC he has never been more optimistic for the credit union industry.
CEO Adams said the Durbin Amendment sent billions in interchange to retailers, but financial institutions still bear risk and cost of breaches.
Director Richard Cordray said Dodd-Frank requires additional reporting, and CFPB is considering its own new requirements.
Loan originator training and leveraged vendor relationships should help credit unions guide members through new CFPB rules.
Any time new rules and regulations are implemented, there could be unintended consequences.
The Republican-led House Financial Services Committee grilled the CFPB director on building renovations.
Despite attempts to negotiate at dealerships, Hispanic and black car buyers pay higher rates according to CRL report.
One in seven of you don’t turn your 5300 Call Reports in on time. Why not?
Fidelity Mortgage and its former owner fined for paying banks for real estate referrals.
CFPB Director reassures Realtors credit unions can still make mortgage loans that don't conform to the bureau's qualified mortgage rule, which took effect Jan. 10.