WASHINGTON — CUNA President/CEO Bill Cheney also tells GAC he has never been more optimistic for the credit union industry.
Director Richard Cordray said Dodd-Frank requires additional reporting, and CFPB is considering its own new requirements.
Online tool provides an overview of how federally insured credit unions measure up against current and proposed capital standards.
Decades after the March on Washington, financial institutions across the country face the same diversity issues.
Banks and credit unions are the largest institutions reliant upon compliance and regulatory standards due to customer data and confidential information.
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.
Credit unions are bracing for the adjustments they'll have to make to comply with new 2014 regulations.
Former U.S. Rep. Barney Frank and Sen. Christopher Dodd in first public appearance together since retiring.
Special page on CFPB's website provides information lenders are required to provide borrowers per new mortgage rules.
Material will cover a high-level overview of the new rules, mandated by the Dodd-Frank Act.