Portion of CUAC letter sent to the CFPB.

Just days before they were informed they were fired from the CFPB’s Credit Union Advisory Council, the group’s two leaders urged the agency to maintain the panel, emphasizing its importance in providing the bureau with a unique perspective.

“The CUAC bridges the gap between the Bureau’s strong policy knowledge and the practical realities and experience and philosophical differences as compared to other players in the financial services industry,” Katherine Proefke, the panel’s chairman and Gregory Higgins, the group’s vice-chairman, said in a letter.

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David Baumann

 

Credit Union Times

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