Rodney Staatz

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  Push to Modify New Consumer Bureau Well Under Way

  By Claude R. Marx  |  April 13, 2011

  The new Consumer Financial Protection Bureau doesn’t even begin operations until July and already CUNA and NAFCU and some on Capitol Hill are pushing for changes in how much power it has and what its structure will be.

• CUNA Endorses Some Changes to Consumer Bureau Structure

  By Claude R. Marx  |  April 5, 2011

  CUNA will endorse putting a credit union member on a five-member board that some lawmakers are proposing to run the Bureau of Consumer Financial Protection, and will support allowing a council of regulators to overturn bureau decisions by a majority vote.

• NAFCU Endorses Changes in the Consumer Bureau

  By Claude R. Marx  |  April 5, 2011

  NAFCU will endorse GOP-backed legislation to have the new Consumer Financial Protection Bureau governed by a five-member board and allow its decisions to be overturned by majority vote of a council of regulators.

• Trades Sending Witnesses to Consumer Agency Hearing

  By Claude R. Marx  |  April 4, 2011

  Washington Gas Light FCU President/CEO Lynnette Smith and State Employees Credit Union of Maryland President/CEO Rodney Staatz will discuss the impact of the new consumer bureau on credit unions at a House subcommittee hearing on Wednesday.