CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • 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
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » CFPB proposes public registry of nonbank contract terms, conditions
Policy & Issues

CFPB proposes public registry of nonbank contract terms, conditions

January 18, 2023
CFPBLogo

The Consumer Financial Protection Bureau (CFPB) issued a proposed rule to establish a public registry of nonbanks’ terms and conditions in form contracts. The rule would not apply to credit unions.

Nonbanks subject to the CFPB’s supervisory jurisdiction would need to submit information on terms and conditions in form contracts to be posted in a registry that will be open to the public, including to other consumer financial protection enforcers.

CUNA has concerns that the proposal is the first action from the CFPB that would eventually be extended to financial institutions to place arbitrary limits on how credit unions structure service contracts.

CUNA had similar concerns with the CFPB’s arbitration rule, which banned the use of pre-dispute arbitration clauses. CUNA supported successful Congressional efforts to overturn the rule via Congressional Review Act in 2017.

KEYWORDS CFPB
Credit Union Magazine: Winter 2022

Winter 2022

Credit Union Magazine’s Winter 2022 issue highlights data-driven marketing, the board’s role in cybersecurity, elder abuse scams, credit unions’ auto lending advantage, and more.
Digital Edition •  Subscribe

Trending

  • House passes CUNA, League-led board modernization bill

  • CFPB issues CUNA-opposed proposal on credit card late fees

  • Key committee leaders supportive of credit union priorities

Tweets by CUNA_News

Polls

Vote for the 2023 CU Hero of the Year

View Results
More

Champion for the Credit Union Movement

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.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us