CFPB Director Richard Cordray delivered a report to Congress on March 16, 2016, on the “state of the CFPB,” and some tough questions were raised and answered. Since the bureau’s inception, NAFCU has worked tirelessly at every stage of the regulatory process to ensure credit union interests are represented in everything that it does.

For instance, NAFCU worked diligently to have the bureau issue small-creditor definition amendments that offer more flexibility for small entities to take advantage of benefits written into the ability-to-repay/qualified mortgage rule and others.

We also mobilized our efforts to have the bureau delay the effective date of the TILA-RESPA integrated mortgage disclosure rule implementation, granting credit unions some valuable time to incorporate the rule changes.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.