Credit union trade groups reviewing the details; concern is whether strategic defaults would be encouraged.
Trades praise Cordray's accessibility, libertarian think firm revisits recess appointment constitutionality.
Because credit unions don’t typically pay for more profitable terms, the rule isn’t expected to have a major impact on the industry.
NAFCU President/CEO Fred Becker, who announced his retirement Jan. 7, said he will be leaving the credit union industry for good when he leaves the trade July 31.
NAFCU's Becker points to provisions aimed at discouraging "frivolous lawsuits, claims or defenses."
Berger said NAFCU’s current strengths in advocacy, education and compliance will continue to be top priorities after he takes over on Aug. 1.
“There’s nothing worse than an ‘ex’ anything,” outgoing trade group chief says.
Fred Becker to retire as Dan Berger takes over on July 31.
Trade group hits the Hill as Congress begins new session.
Lawsuit trolls expected to be thwarted now that on-screen fee notice is enough.