Financial Services chair points out CFPB's promises to be more transparent in call for advisory councils to be open to the public.
Fifteen-member CU advisory group meets quarterly to discuss CFPB regulatory issues.
In Senate hearing Tuesday, agency director also defends $95 million cost of CFPB building work.
The Consumer Financial Protection Bureau should increase transparency in a number of ways, according to a new report released Sept. 24 by the Bipartisan Policy Center.
Bipartisan Policy Center criticizes CFPB for lack of public access to meetings and hearings, including Credit Union Advisory Council meetings.
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.
Qualified mortgage rule changes, payday lending review on agenda for 15-member panel's conference call.
Members of the Consumer Financial Protection Bureau’s Credit Union Advisory Council told Credit Union Times that CFPB officials listen to credit union concerns and seem to understand the unique relationships between credit unions and their members. However, they said, CFPB officials don’t have an answer for why they can’t...
WASHINGTON – Consumer Financial Protection Bureau Director Richard Cordray talked up small institution exemptions in new bureau rules during his address at CUNA’s Governmental Affairs Conference Feb. 27.