CUNA is urging credit union CEOs to provide input concerning which past and proposed rules from the Consumer Financial Protection Bureau (CFPB) are most hindering their credit union’s abilities to best serve their members.
The deadline to complete the survey is Tuesday, Jan. 24.
“We’re striving to obtain a clear understanding of which individual CFPB-related rules and potential rules are proving to be the most burdensome to the nation’s credit unions,” said Jon Haller, CUNA director of corporate and market research. “We’re confident that this information will, in turn, help CUNA identify which specific areas to devote its CFPB-related resources to in the coming year and beyond.”
Questions cover international remittances, mortgage lending, small-dollar loans, and the Home Mortgage Disclosure Act.
CUNA recently launched the Campaign for Common-Sense Regulation, which encourages the credit union movement to work toward regulatory relief, given a credit union-friendly majority in Congress and the regulatory impact on consumers as a whole.