Bureau of Consumer Financial Protection

• Dykema Releases Scorecard

  By Andrew Corselli  |  February 22, 2012

  Dykema announced the release of its new regulatory scorecard on activities of the new Bureau of Consumer Financial Protection.

• Where Will the Litany of Woes Lead?

  By Sarah Snell Cooke  |  May 31, 2011

  At a recent credit union meeting when I raised the subject of the NCUA’s recent proposal to permit credit unions to voluntarily prepay assessments, earning 0% interest with the agency, CEO heads were shaking. All in disbelief and all in response to the question, “Will your credit union be participating?”

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  GOP Snarls As Bureau Cozies Up To CUs

  By Claude R. Marx  |  May 31, 2011

  Credit union trade groups are cautiously optimistic while Republicans are downright frustrated with the early moves of the new consumer bureau.

• On-Site Coverage: Geithner Defends Financial Overhaul Bill and Warren

  By Claude R. Marx  |  May 25, 2011

  WASHINGTON — Treasury Secretary Tim Geithner criticized unnamed “dark forces” who are trying to undermine the implementation of last year's financial overhaul bill.

• Bureau Bills On Track in Republican-Controlled Committee

  By Claude R. Marx  |  May 16, 2011

  At press time, the House Financial Services Committee was close to passing a bill extending the National Flood Insurance Program for five years and three bills to make changes to the structure of the Bureau of Consumer Financial Protection.

• Debit Interchange Fight Sparks Battle of Big Spenders

  By Claude R. Marx  |  April 20, 2011

  Retail and financial service industries are duking it out over attempts to regulate debit interchange fees.

• CUNA Endorses Some Changes to Consumer Bureau Structure

  By Claude R. Marx  |  April 5, 2011

  CUNA will endorse putting a credit union member on a five-member board that some lawmakers are proposing to run the Bureau of Consumer Financial Protection, and will support allowing a council of regulators to overturn bureau decisions by a majority vote.

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  Trades Urge Obama Administration to Weigh In on Interchange Delay

  By Claude R. Marx  |  March 31, 2011

  Citing a potentially devastating impact on credit unions, both CUNA and NAFCU urged the Obama administration to endorse a delay in the implementation of the Federal Reserve’s rule regulating debit interchange fees.

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  CU Employees Use NAFCU Class to Understand Regulatory Landscape

  By Claude R. Marx  |  March 30, 2011

  NATIONAL HARBOR, Md. — Catherine Vallette-Kilroy recently spent a week listening to lectures during the day and studying for exams at night.

• Community Bankers List Curbing CU Powers as High Priority

  By Claude R. Marx  |  March 22, 2011

  Defeating the effort to raise the cap on member business loans and ending the tax exemption for credit unions are among the top priorities of the Independent Community Bankers of America this year.