Director Richard Cordray said Dodd-Frank requires additional reporting, and CFPB is considering its own new requirements.
The Republican-led House Financial Services Committee grilled the CFPB director on building renovations.
Republican-led House Financial Services Committee launches site one day before CFPB Director Cordray presents semi-annual report.
Fifteen-member CU advisory group meets quarterly to discuss CFPB regulatory issues.
Bureau provides clarification on contacting delinquent borrowers and guidance on home retention efforts after a borrower dies.
Two-hour hearing includes credit union witnesses.
Plaintiffs challenge creation of CFPB and FSOC, Cordray's appointment.
Rule called unfair to non-working spouses to undergo scrutiny.
Credit unions are unique in the financial world. Rarely do you find a financial institution that clearly and emphatically says it is not working for a profit.
CFPB Director Richard Cordray said he is committed to reviewing rule that prohibits non-working spouses from using household income to qualify for a credit card.