If the three largest state-chartered credit unions in California were to convert to federal charters, the state’s regulator would lose $1.7 million of its $7.2 million budget, leaving small and midsize state-chartered credit unions to subsidize that loss.
This preview from our Sept. 4 print edition looks at a new state law that should lower disproportionate fees for the largest credit unions in the state.
NCUA chairman to meet at White House today for closed-door Dodd-Frank update.
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.
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.