Here's one of the articles that will appear in the next print edition of Credit Union Times.
Senate meeting this week only enough to prevent recess appointment of Warren to head of new CFPB.
Credit union trade groups are cautiously optimistic while Republicans are downright frustrated with the early moves of the new consumer bureau.
WASHINGTON — Treasury Secretary Tim Geithner criticized unnamed “dark forces” who are trying to undermine the implementation of last year's financial overhaul bill.
Two versions of form introduced by Elizabeth Warren in conference call, will get tested by consumers and brokers in six cities.
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.
Everybody in Congress and in the Obama administration say they are for consumer protection. However, in the debate over the new consumer bureau, it depends on what the meaning of “consumer protection” is.
House panel gives nod to extending National Flood Insurance Program and changes in new Consumer Financial Protection Bureau.
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.
Saying it will be the “start of a robust discussion,’’ on the set up of the Bureau of Consumer Financial Protection, House Financial Institutions and Consumer Credit Subcommittee Chairman Shelley Moore Capito announced an oversight hearing next Wednesday.