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.
With the average age of members hovering above the mid-40s range, courting a much younger segment has increasingly become a top priority for some credit unions.
Substantive discussions of regulatory policy and partisan wrangling were both on the front burner at the Senate Banking Committee’s hearing last week on the nomination of Richard Cordray to run the Consumer Financial Protection Bureau.
Nominee says CFPB regulations will be helpful to financial institutions and level the playing field.
California, Texas, Georgia, Ohio leagues getting together in Dallas-based operation to find new sources of income.
Senate Banking Committee sets 2 p.m. confirmation hearing for proposed director of new Consumer Financial Protection Bureau.
A year after the bill creating the Consumer Financial Protection Bureau was signed, Republicans are trying to restructure it and the newly nominated director Richard Cordray is caught in the middle of a fight between the political parties.
Since March 2010, Ohio’s credit unions have boasted a $23.7 million gain in member business loans.
A debit card fraud breach that began swarming Northeast Ohio in April is said to have affected tens of thousands of accounts and dozens of financial institutions, including at least seven credit unions.
League says no takers on its offer for help.