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 » Acting CFPB Director announces significant policy changes
Policy & Issues

Acting CFPB Director announces significant policy changes

January 28, 2021
CFPBLogo

Acting Consumer Financial Protection Bureau (CFPB) Director Dave Uejio posted several CFPB policy changes on the CFPB blog Thursday.

According to Uejio’s message, he plans to reverse the CFPB’s policy regarding MLA exams and rescind “public statements conveying a relaxed approach to enforcement.”

Uejio also said his priorities as Acting Director will be:

  • Relief for consumers facing hardship due to COVID-19 and the related economic crisis, and
  • Racial equity.

The message outlined several policy changes he intends to take, including:

Taking aggressive action “to ensure that regulated companies follow the law and meet their obligations to assist consumers during the COVID-19 pandemic; and

Directing the Supervision, Enforcement, Fair Lending Division (SEFL) to “always determine the full scope of issues found in its exams, systemically remediate all of those who are harmed, and change policies, procedures, and practices to address the root causes of harms.

Additional details can be found on CUNA’s Removing Barriers Blog.

KEYWORDS cfpb
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

  • NCUA’s SAR proposal should be adopted ‘as soon as reasonably practical’

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

  • FOM changes could advance financial inclusion more than postal banking

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