CUNA President/CEO Jim Nussle discussed a wide range of credit union issues Nov. 4 with CFPB officials, including Richard Cordray, the bureau's director.
"CUNA emphasized regulatory burdens associated with a number of CFPB rules. For example, we urged the CFPB to only implement statutory changes and not impose additional requirements on credit unions," Nussle said Friday.
He added, "We also discussed the importance of best practices in an effort to stress the significance of minimizing new rules for credit unions so they can focus on serving their members."
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