CU perspective part of CFPB arbitration field hearing

May 4, 2016

The credit union perspective will be a part of Thursday’s Consumer Financial Protection Bureau (CFPB) field hearing on arbitration. Kevin Hammar of Aldridge, Hammar, Wexler & Bradley, P.A. will be testifying on behalf of CUNA.

The hearing, which is scheduled to begin at 1 p.m. (ET) in Albuquerque, N.M., will also feature remarks from CFPB Director Richard Cordray and Associate Director for External Affairs Zixta Martinez.

Hammar will be on a panel with Paul Bland of Public Justice; Deepak Gupta of Gupta Wessler PLLC; Christine Hines of National Association of Consumer Advocates; Alan Kaplinsky of Ballard Spahr LLC; and Travis Norton of the U.S. Chamber of Commerce.

CUNA previously had a representative at an October field hearing on arbitration in Colorado. During that meeting, John Ruby, senior vice president/chief lending officer at Bellco CU, Greenwood Village, Colo., explained the nature of credit union-member relationships.

“As a member-driven, member-owned financial cooperative, we are accountable to our members, and therefore it is critical we provide an overall experience that causes our members to choose us for their financial services products. That experience includes price, value, convenience and how we conduct business,” he said.

Video of the field hearing will be streamed live on the CFPB’s blog.