During an NCUA-hosted webinar, Richard Cordray says the bureauwants credit unions to offer members more options. Maybe the CFPBshould consider that the source of the problem isn't just in theproducts, but the education behind using the products. Shouldfinancial institutions make available products that don't takeadvantage of the consumers/members? Absolutely. Should the users ofthese products have a basic understanding of how money works? Basiclogic says yes. Sadly, I feel that the CFPB would say it doesn'tmatter. Treat the source of the problem, don't put a Band-Aid overit.

David Murphy

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