Leaders from NAFCU and CUNA are thankful for the Senate vote while critics see it as a blow to consumers.
Credit union experts believe the arbitration rule should not apply to CUs.
Education Secretary, Betsy DeVos receives praise for refusing to cooperate with the CFPB.
The new guidelines state that "consumers should be easily able to determine" who owns a financial product.
The education secretary, who refuses to cooperate with the CFPB, receives praise.
Credit union trade leadership is happy with several bills approved by the House Financial Services Committee.
Technology and older payment systems are hampering a well-intentioned benefit to retain good employees.
Experts weigh in on the impacts the CFPB's payday lending rule will have on credit unions.
While payday lenders object to the ruling, CUNA carefully studies its fine print and what it means for credit unions.
Banks and banking groups sue the CFPB over its arbitration rule; while CUs are critical of the issue, no CUs take part.