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Home » CUNA Statement on CFPB Director Cordray Resignation
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CUNA Statement on CFPB Director Cordray Resignation

November 15, 2017

FOR IMMEDIATE RELEASE 

Contact: Vicki Christner – CUNA Communications; 202-329-9950; vchristner@cuna.coop  

Washington, DC (November 15, 2017) – Following the news that Richard Cordray, Director of the Consumer Financial Protection Bureau, will step down from the Bureau by the end of the month, Credit Union National Association president and CEO Jim Nussle issued a statement:  

"We greatly appreciate that throughout his time as Director, Richard Cordray on multiple occasions publicly recognized the exceptional work of credit unions in protecting consumers. CUNA looks forward to a new era at the CFPB that will hopefully reconcile this recognition that credit unions are the pro-consumer protection financial institutions, with rules that reflect that sentiment. Moving forward, CUNA urges the CFPB’s new leadership to address the problems that pending and final rules have caused credit unions and their 110 million members, and move towards a new approach that recognizes the exceptional consumer protections credit unions provide, while continuing to address abusers of consumers." 

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About CUNA 
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. 

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Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

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