NAFCU president asks Treasury secretary to intervene on behalf of credit unions.
NCUA Chairman Debbie Matz was named as a defendant in a lawsuit that challenges the constitutionality of the Consumer Financial Protection Bureau.
Plaintiffs challenge creation of CFPB and FSOC, Cordray's appointment.
Gov. Jerry Brown expected to soon name a successor.
Consumer Financial Protection Bureau Director Richard Cordray said his agency is discussing how best to proceed on additional regulations concerning overdraft protection and other checking account disclosures. The CFPB could issue proposed rules later this year.
So much to do, so many potential distractions. That’s the outlook facing Congress as it returns to work after its holiday break.
President Obama circumvented Senate Republicans and made a recess appointment of Richard Cordray to run the Consumer Financial Protection Bureau. In making the appointment he explained that we “shouldn’t be weakening oversight and accountability, we should be strengthening it–especially when it comes to looking out for families."
The House Banking Committee focused on oversight and trying to undo or modify some of President Obama’s initiatives while the Senate Banking Committee focused on less sweeping efforts in 2011.
WASHINGTON — If banks are getting regulatory relief credit unions deserve the same opportunity.
CUNA President/CEO Bill Cheney and NAFCU President/CEO Fred Becker plan to tell lawmakers on Wednesday that less is more.