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.
Four state leagues–California, Texas, Georgia and Ohio–have organized a new Dallas firm, CU Partner Link, to develop new state-of-the-art products and services for member CUs concerned over lost income.
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.
The Ohio Credit Union League and the World Council of Credit Unions have committed to helping a small Romanian group take on the task of modernizing that country’s credit union system.
Groups hope to modernize country's regulations for credit unions to help shake off vestiges of Soviet rule, align with European Union standards.
The industry debate over the propriety of the public campaigns of small, deeply troubled inner city credit unions to raise capital among other CUs and the citizenry has generated lively and sometimes strident rhetoric.