Regulatory & Compliance

The board is set to consider two issues that have provoked controversy in the financial services industry.

Kraninger testifies that since the agency's earliest days, there have been constitutionality questions raised about its structure.

The CFPB's structure has been in question since its inception and it appears the U.S. Supreme Court will ultimately decide.

A final vote on the delay is expected soon.

Democrats accuse Kraninger of ignoring staff recommendations demanding compensation from organizations that defrauded consumers.

In the letter, Mellin said NYC credit unions are doing their part to "right the ship," but worries about the NCUA's role in the taxi medallion problem.