North Carolina CU

• Obama Doubles Down With Cordray and CFPB

  By Claude R. Marx  |  January 9, 2012

  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."

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  In a First, Interchange Gained Federal Regulation

  By David Morrison, Claude R. Marx  |  December 18, 2011

  This year saw a regulation capping the interchange card issuers were able to earn on a debit card transaction come into effect for the first time in history.

• NCUA Consumer Unit Flexes Its Muscles

  By Claude R. Marx  |  November 13, 2011

  While the newly launched Consumer Financial Protection Bureau has received considerable attention and criticism, the focus for most credit unions is on the NCUA’s Office of Consumer Protection.

• CFPB Nominee Cordray Gets Senate Panel Nod

  By Claude R. Marx  |  October 10, 2011

  On a party-line vote, the Senate Banking Committee voted to confirm former Ohio Attorney General Richard Cordray to be the first director of the Consumer Financial Protection Bureau.

• Self-Help Takes Over Mission SF in NCUA Purchase/Assumption

  By Jim Rubenstein  |  April 11, 2011

  The ailing $6 million Mission SF Federal Credit Union of San Francisco was seized over the weekend by NCUA and awarded to Self-Help FCU of Durham, N.C.