How is the Consumer Financial Protection Bureau interpreting its enforcement authority under the Dodd-Frank Act to prohibit "unfair, deceptive or abusive acts or practices?" What can credit unions learn from the regulator's recent enforcement actions? What are examiners looking for?
CUNA is concerned with a report on consumer testing used by the CFPB to analyze periodic statement forms for consumers in bankruptcy, but concurs with some of its findings. The bureau issued a report in February on its study.