CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • COVID-19
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » CUNA statement supporting CFPB advisory board
Press

CUNA statement supporting CFPB advisory board

June 6, 2018

FOR IMMEDIATE RELEASE

CONTACT: Lauren Williams – CUNA Communications; (202) 626-7642; lwilliams@cuna.coop          

Washington, DC (June 6, 2018) – Today Credit Union National Association Chief Advocacy Officer, Ryan Donovan, released the following statement following reports that the Bureau of Consumer Financial Protection (CFPB) is restructuring its Advisory Board and Councils.

“If the leadership of the Bureau was a multi-person, bipartisan commission versus a single director, it would likely be much more difficult to fire the entire Consumer Advisory Board,” said CUNA Chief Advocacy Officer Ryan Donovan. “It is long overdue for consumer groups and policymakers to take the politics out of consumer financial protection and support a commission to run the Bureau.”

“Furthermore, we appreciate the input the Credit Union Advisory Council has provided the Bureau throughout the years. This Council is a valuable asset and should be preserved as it has been critical in educating the agency on the credit union difference, the unique not-for-profit structure and overall mission of credit unions. CUNA strongly encourages the Bureau to continue engaging credit unions in its external outreach to gain a better understanding of credit union business model, specifically as it relates to how regulations affect operations and service to consumers.”

The Bureau has indicated it will reassemble the entities into smaller groups with new members. The agency also indicated it will also depend on regional town halls and roundtable discussions.

### 

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.

Credit Union Magazine - Spring 2021

Spring 2021

Credit Union Magazine’s Spring 2021 edition features CUNA's 2021 advocacy agenda, strategic planning guidance, and labor market insights.
Digital Edition •  Subscribe

Trending

  • Federal, state regulators release updates to BSA/AML Examination Manual

  • FHFA Extends forbearance, foreclosure and REO eviction moratoriums

  • PODCAST: GAC preview, part 1

Tweets by CUNA_News

Polls

Who should be the 2021 Credit Union Hero of the Year?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is 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.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites
  • Privacy Policy

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors