Following news that Richard Cordray, Director of the Consumer Financial Protection Bureau had named a deputy director of the CFPB before resigning today and President Trump’s designating OMB Director Mick Mulvaney as interim director of the bureau, Credit Union National Association president and CEO Jim Nussle issued a statement.
CUNA President and CEO Jim Nussle issued a statement on the Consumer Financial Protection Bureau releasing overdraft disclosure prototypes following an agency report that included limited research on only the nation’s largest banks.
As Congress continues to consider reforms to the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB), the Credit Union National Association has submitted a letter to the CFPB detailing each of the ways the agency’s rulemakings have affected, and in many cases harmed, America’s roughly 6,000 credit unions and their 110 million members.
CUNA Board Member Dallas Bergl, CEO of INOVA FCU, Elkhart, Ind., will testify on behalf of CUNA before the Senate Committee on Banking, Housing and Urban Affairs June 8 for a hearing titled “Fostering Economic Growth: The Role of Financial Institutions in Local Communities.”
Credit Union Magazine’s Fall 2022 issue highlights credit unions’ role in cryptocurrency, the state of digital assets, cannabis banking compliance, the human side of technology implementation, and involving the board in financial discussions.