SALT LAKE CITY (4/7/16)--Consider this: Facebook is a $236 billion company, and it offers no original content. The rental website AirBnB is capitalized at $10 billion and doesn’t own an inch of real estate. Uber is worth $40 billion and doesn’t own a single vehicle.
The CFPB is expected to release its proposal on debt collection in conjunction with a July 28 field hearing in Sacramento, Calif. CUNA has met with the bureau a number of times to address the forthcoming rulemaking.
A bipartisan majority of 70 U.S. senators are calling on the CFPB to tailor rulemakings to protect credit unions from regulatory burden. The combined advocacy efforts of CUNA and state leagues bring total signers from both chambers to 399.