FOR IMMEDIATE RELEASE
CONTACT: Lauren Williams – CUNA Communications; (202) 626-7642; firstname.lastname@example.org
Washington, D.C. (May 4, 2018) –The Credit Union National Association (CUNA) offered comments in a letter to the Bureau of Consumer Financial Protection (CFPB) seeking improvement to their Rules of practice for Adjudication Proceedings. The letter was written in response to the Bureau’s latest Request for Information (RFI) to assess its functions.
Under the authorization of the Consumer Financial Protection Act, the Bureau must conduct administrative adjudications in compliance with the Administrative Procedure Act. The Bureau may file an administrative Notice of Charges only to enforce agreement with the Consumer Financial Protection Act and related laws.
Specifically, CUNA respectfully urged the Bureau to address following concerns:
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.