The CFPB should avoid impacts on first-party debt collectors in its rulemakings, CUNA wrote in response to its proposal on debt collection that would make certain amendments to third-party debt collector rules under the Fair Debt Collection Practices Act.

Credit union members see $12 billion in savings annually from credit unions, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices, part of the reason 115 million Americans have chosen credit unions.

Credit unions have a proven track record of protecting interests of their members, because they are the owners too, CUNA wrote to House leadership this week, and the hallmark of any member-owned institution is establishing a dispute resolution process.