entrance to the CFPB building in Washington, D.C. Source: Shutterstock.

In letters to House and Senate Committees, CUNA and 50 credit union leagues argued the CFPB is not fulfilling its mission “to make consumer financial markets work for consumers” because its leadership isn’t taking the time to hear concerns or priorities from credit unions and other financial institutions that are targets of the bureau’s rulemaking.

The letters sent on Tuesday to the House Committee on Financial Services and the Senate Committee on Banking, Housing and Urban Affairs noted the bureau should engage with credit union stakeholders to better tailor its rulemaking and supervision.

Michael Ogden

Editor-in-Chief for CU Times.

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