CEO Adams said the Durbin Amendment sent billions in interchange to retailers, but financial institutions still bear risk and cost of breaches.
Director Richard Cordray said Dodd-Frank requires additional reporting, and CFPB is considering its own new requirements.
The Republican-led House Financial Services Committee grilled the CFPB director on building renovations.
Republican-led House Financial Services Committee launches site one day before CFPB Director Cordray presents semi-annual report.
Fidelity Mortgage and its former owner fined for paying banks for real estate referrals.
Fifteen-member CU advisory group meets quarterly to discuss CFPB regulatory issues.
CFPB Director reassures Realtors credit unions can still make mortgage loans that don't conform to the bureau's qualified mortgage rule, which took effect Jan. 10.
Participants can submit questions to the CFPB director and NCUA board chairman on any credit union or CFPB topic.
Regulator also encouraged NAR members to spread awareness of CFPB's online complaint database.
Agreement with CFPB also calls for company to provide $2 billion in principal reduction to underwater borrowers.