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CUNA's Compromise

CUNA staked out a position on the new Consumer Financial Protection Agency somewhere in between the Obama administration and those who don't want any new regulator at all.

CUNA staked out a position on the new Consumer Financial Protection Agency somewhere in between the Obama administration and those who don’t want any new regulator at all.

The association said the new CFPA should not preempt the NCUA, but its rulings should preempt state rules, and it should be required to streamline and modernize consumer regulation.

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Peter Westerman

 

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