1. Consumer Compliance & Fair Lending (Regulation B - ECOA & UDAAP)

The Equal Credit Opportunity Act (ECOA) ensures credit unions do not discriminate in lending practices.
The Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) provision ensures fair treatment of members in financial products and services.

2. Truth in Lending Act (TILA - Regulation Z) & Mortgage Regulations

CFPB enforces Regulation Z, which ensures clear disclosure of loan terms, fees and interest rates.
Mortgage-related rules like Ability-to-Repay, Qualified Mortgage standards and Home Mortgage Disclosure Act (HMDA) requirements are heavily regulated.

3. Electronic Fund Transfers (EFTA - Regulation E)

Governs electronic payments, including debit card transactions, ATM withdrawals and person-to-person transfers.
Protects consumers from fraud, unauthorized transactions and billing errors.

4. Fair Debt Collection & Credit Reporting (FDCPA & FCRA)

The Fair Debt Collection Practices Act (FDCPA) regulates how credit unions and third-party collectors handle debt collection.
The Fair Credit Reporting Act (FCRA) ensures accuracy and fairness in credit reporting.

5. Overdraft Protection & Fee Transparency

The CFPB monitors overdraft programs, ensuring proper disclosures and compliance with opt-in rules.
Recent initiatives have pushed for fee transparency and reductions on overdrafts, late fees and non-sufficient funds (NSF) charges.

Defense Credit Union Council Chief Advocacy Officer Jason Stverak said Monday that his “primary concern would be if the long-established rules set by the CFPB were removed without an immediate replacement; knowing that credit unions have relied on these regulations to effectively serve their members, and any absence of a clear regulatory framework would create significant challenges and uncertainty.”

Instant Insights /

CFPB Still Shut Down. Credit Unions ‘Trying to Figure Out’ What to Do

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