Credit union and bank executives tell the Republican-controlled Senate Banking Committee the CFPB needs structural reform.
Regulator complicates MBL waiver process and proposed an “off the wall” risk-based capital rule, CEO says.
The $4.2 billion Pennsylvania Employee Credit Union is getting out of the student loan business, but Harrisburg, Penn.-based credit union’s decision isn’t related to recent criticism directed at loan servicer Sallie Mae.
Analysis shows largest student loan servicer at bottom of peer pool, could affect contract allocation.
Measure would move practice firmly into CFPB portfolio.
Letter sent in advance of Thursday's CFPB roundtable with Federal Trade Commission.
Missouri Rep. Blaine Luetkemeyer's bill doesn't mention credit unions but would provide some regulatory relief, trades say.
Senate bill would end subsidies for the biggest banks and abandon Basel III for the smaller ones. Credit unions? Not mentioned.
Thomas Renz, president and chief development officer for the $32 million Commodore Perry FCU, didn’t decide to become an activist when he appealed the credit union’s 2011 exam. Instead, the Credit Union Times 2013 Political Action Trailblazer Award winner contended that he’s always been one.
Commodore Perry Federal Credit Union of Oak Harbor, Ohio, is awaiting a ruling from the NCUA’s Supervisory Review Committee regarding an exam appeal that alleges that an NCUA examiner harassed employees and retaliated against the credit union after it complained.