The CFPB issued a Request for Information Wednesday on the bureau’s external engagements. Specifically, the bureau is seeking comments and information from interested parties on ways to engage the public.
The NCUA board approved a request for public comment, approved its strategic and performance plans, issued a proposed rule at and received a briefing on a final civil money penalty inflation adjustment Thursday.
CFPB Interim Director Mick Mulvaney said the bureau will focus on enforcement against bad actors and do less regulation by enforcement, a direction CUNA has urged the CFPB to take over the last few years.
The MD|DC Credit Union Association has joined as a plaintiff against credit monitoring firm Equifax in a lawsuit stemming from a data breach that exposed information of more than 145 million consumers.
CUNA reiterated that the CFPB should recognize that consumers utilize overdraft services intentionally in a response to a bureau request to an online survey of ATM/point of sale overdraft practices and policies.
President Donald Trump signed a House and Senate-passed continuing resolution Monday night to fund the federal government through Feb. 8. Credit unions across the country rolled out additional products and services for affected members.
CUNA and Montana’s Credit unions will join other cooperative associations in Montana Tuesday for CUNA Campaign School, a program designed to educate and inform prospective political candidates and campaign workers, now in its 20th year.
As CUNA Chief Compliance Office Jared Ihrig mentioned in last week’s webinar on ADA website accessibility, CUNA has developed a number of compliance resources designed to help credit unions ward off potential legal threats.
The federal government shut down starting Saturday morning as legislators did not come to an agreement. The NCUA will continue to operate during the shutdown and credit unions stand ready to assist members.