Richard Cordray was confirmed as director of the Consumer Financial Protection Bureau July 16, after Senate Democrats and Republicans successfully negotiated a deal that includes other pending nominees and will keep filibuster rules in place.
It’s official. Richard Cordray is the director of the CFPB.
The CFPB could be a great danger to credit unions, which it has already demonstrated with a number of regulations, including new mortgage rules.
BOSTON — Credit unions told why they are better off because of the Consumer Financial Protection Bureau Director.
Credit union taxation, regulation measures die in committee.
Hagler succeeds Rob Braswell, who retired from the post on June 1 after serving at the helm since December 2005.
Regarding the Editor’s Column in the May 29 issue, “Usage Fees Are Not a Strange Idea.” Sarah Snell Cooke’s support of the pay for play precedent in the NCUA’s recently proposed rule on derivatives misses the point. We strongly support and have continually advocated expanding credit unions’ investment powers to include limited...
While it’s valid for the NCUA to make risk management a priority when it comes to business lending, recent guidance from the regulator could hinder and discourage credit unions and CUSOs running solid programs.
Credit reporting agencies and the ability to filter complaints by state also added to bureau offering.
Retiring NCUF chief takes hard look at regulatory environment for credit unions.