Tom Nix, who sold his family financial services business to Kinecta FCU in 2007, shares details on the deal and his eventual departure.
Fifteen-member CU advisory group meets quarterly to discuss CFPB regulatory issues.
Bureau issues semi-annual update that includes working on integrating federal mortgage disclosures.
About 360 against big three among more than 90,000 complaints posted on website over mortgages and other loans, credit cards, services.
Centris FCU vice president joins Hope FCU CEO on agency panel.
Navy Federal, PenFed among financial institution listed. Navy Federal says complaint was handled and member got financial relief.
Document clarifies how they, including the NCUA, will coordinate their supervisory activities, consistent with the Dodd-Frank Act.
With a long to-do list and a director in place, the folks at the Consumer Financial Protection Bureau are off and running. Interestingly, they are off and running on a different path than traditional federal agencies.
President Obama circumvented Senate Republicans and made a recess appointment of Richard Cordray to run the Consumer Financial Protection Bureau. In making the appointment he explained that we “shouldn’t be weakening oversight and accountability, we should be strengthening it–especially when it comes to looking out for families."
It may be one of the few times when a faculty position at Harvard Law School is a consolation prize