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"CU Training granted CU Solutions Group the exclusive rights to market and sell their software and solutions to organizations located in the U.S."

CU trade groups say while the rule only covers third-party collectors, many CUs hire those firms.

CU officials respond to "too-big-too-fail Wall Street banks" comparing themselves to credit unions: "It would be laughable if it weren't so shameful."

"We believe Elevate Credit Union provides a foundation for growth in the years ahead."

CU trade groups have argued Congress should change the structure, converting it into a commission.

Banking groups say CUNA is seeking exemptions from CFPB rules based solely on an institution's charter type.