WASHINGTON — Rep. Mick Mulvaney (R-S.C.) said he disagreed with the CFPB's decision to spend more than $5 million to retroactively raise employee performance ratings from the last two years.
Read how the midterms could affect credit union legislation and regulation.
Almost 75% of the U.S. House of Representatives sign a letter requesting changes to the NCUA's risk-based capital proposal.
Three bills that would provide regulatory relief for credit unions are on Tuesday's House floor vote schedule.
House Financial Services subcommittee targets two CFPB managers and a union VP who refused to testify April 2.
NCUA General Counsel Mike McKenna on April 9 clarified the NCUA's position on risk-based capital and supplemental capital.
The NCUA's general counsel explains why the agency can't add supplemental capital access to its risk-based rule.
NAFCU, CUNA say regulatory impact is real and growing, despite NCUA testimony on Tuesday.
Democrat members of the House Financial Services Committee say the April 2 hearing belongs in court, not Congress. Republicans disagree.
Lawmakers schedule a hearing and request personnel records in response to claims of CFPB discrimination against employees.