The Consumer Financial Protection Bureau said it has launched an investigation to learn more about the many ways in which older Americans are financially exploited.
Last fall, 16 secret shoppers visiting branches at some of the nation’s biggest banks found out just how hard it was to close an account.
Agency official tells House panel that it may consider allowing non-working spouses to obtain credit.
Agency seeking comment on disclosures while moving toward added protections.
The financial institution must disclose fees, exchange rates and the amount of money that the recipient will receive.
Cordray says focus will be on those who "materially increase the risk of violations of federal consumer laws."
NAFCU, CUNA counsels recommend changes in shortened version.
The Consumer Financial Protection Bureau plans to test a shorter, more concise, credit card agreement with members of Pentagon FCU.
Democrats to move forward despite Republican filibuster threat.
Credit unions and other interested parties that want to comment on regulations relating to 14 consumer protection laws can submit comments to the Consumer Financial Protection Bureau.