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 Consumer Protection Subcmte meets w/ CFPB’s Kraninger
Policy & Issues

CUNA Consumer Protection Subcmte meets w/ CFPB’s Kraninger

March 13, 2019
SubCmteKraninger
Members of CUNA's Consumer Protection Subcommittee prepare to meet with CFPB Director Kathy Kraninger Wednesday.

CUNA’s Consumer Protection Subcommittee met with Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger Wednesday as part of the group’s agenda while in Washington, D.C. for the CUNA Governmental Affairs Conference. This is the latest in of recent meetings between credit unions and Kraninger, the previous one occurring last week with CUNA leaders.

During the meeting the group raised concerns with Kraninger regarding the over-regulation of credit unions, particularly regarding products and services such as remittance transfers, mortgage loans and short-term, small-dollar.

The Subcommittee emphasized the difference between credit unions’ not-for-profit structure, and the structure of for-profit institutions, and that credit unions exist solely to serve consumers.

The Subcommittee also emphasized that the CFPB should consider the cost of regulations on credit unions verses the benefit to consumers, so rules do not inadvertently harm consumers by negatively affecting access to safe and affordable financial products and services.

Credit Union Magazine - Winter 2020

Winter 2020

Credit Union Magazine’s Winter 2020 edition features CUNA’s 2021 lending outlook, CEO insights on adjusting to the pandemic, and board recruitment strategies.
Digital Edition •  Subscribe

Trending

  • Compliance: 2020 Year in Review, Checklist now available

  • 5 fraud predictions for 2021

  • CUNA sends recommendations to incoming Biden administration

Tweets by CUNA_News

Polls

Will you ask employees to receive the coronavirus vaccine?

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