U.S. Supreme Court U.S. Supreme Court. (Source: Shutterstock)

CUNA and NAFCU have been longtime and frequent critics of actions of the CFPB, which was set up by Congress in 2010 to prevent some of the abuses that prevailed in the run-up to the Great Recession.

On Monday, the Supreme Court agreed to hear a case that might allow it to dismantle the agency. Now, some at NAFCU are concerned that a broad ruling might create “chaos” by undermining the legitimacy of a host of rules that credit unions use to close mortgages and other loans.

Jim DuPlessis

A journalist for decades.

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