CUNA Statement on CFPB Structure

FOR IMMEDIATE RELEASE

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

Washington, D.C. (January 31, 2018) Credit Union National Association President/CEO Jim Nussle released a statement following a U.S. appeals court ruling on PHH Corp. v. CFPB. 

“CUNA maintains that the best leadership structure for the CFPB is a multi-member commission, as recent leadership disputes have shown. Financial institutions and consumers need certainty at the CFPB. A leadership commission would have avoided a lot of legal wrangling and provided certainty at an agency that has major influence over the financial services marketplace.”

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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.