WASHINGTON – The CFPB's mission is to shield consumers fromunfair financial treatment. That intent is, after all, part of thefederal bureau's name.
But too often well-intended regulations punish the very peoplethat need their protection through the creation of complex, onerousregulations that over-regulate without really understanding howthose consumer needs should be met. Both credit unions andtheir members suffer.
Credit unions must take the time and make the effort to lettheir members tell CFPB, not to mention the NCUA and Congress,exactly what they're doing wrong, according to one of Tuesday'sbreakout sessions at GAC.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
