On July 29, North Carolina Governor Pat McCrory signed the Financial Exploitation of Older Adults bill, which requires all financial institutions to report when they suspect someone 65 or older, or a disabled adult over 18, is being financially exploited. It also protects the liability of those making the good...
NCUA chairman to meet at White House today for closed-door Dodd-Frank update.
A lawsuit that challenged the authority of Dodd-Frank to regulate the financial services industry was dismissed Aug. 1 in Washington, D.C. in U.S. District Court.
Illinois Credit Union League recognized for supporting legislation to protect elderly from financial abuse.
President rolls out his own plan to wind down Fannie and Freddie, a plan similar to Corker-Warner proposal in the Senate.
Had the suit succeeded, the CFPB and its mandates to date would most likely have been rendered null and void.
Think firm reviewed websites of 1,676 financial institutions, found both sides of aisle lacking.
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.
Measure would move practice firmly into CFPB portfolio.
The CFPB could be a great danger to credit unions, which it has already demonstrated with a number of regulations, including new mortgage rules.