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CFPB Hears From Missouri Leaders Prior to Inaugural Session


A select group of Missouri credit union representatives had a rare opportunity to sit down with key leaders from the Consumer Financial Protection Bureau (CFPB) on September 26 - one day prior to the CFPB's consumer advisory board inaugural meeting being held in St. Louis.  

Credit union leaders explained how regulations being promulgated quickly through the system require additional staffing and increased costs to the consumer.  

Posted By Halley Hayden read more

NCUA Virtual Town Hall



NCUA staff held a virtual town hall meeting last week to provide an update on the agency’s activities and answer questions from participants.

Here are a few highlights from the webinar:

  • NCUA budget: The Board will approve the 2012 budget on November 17, which is expected to be a “single digit increase.” Chairman Matz stated that NCUA’s recent budget increases, which allow the agency to utilize a 12-month exam cycle and examine all credit unions of at least $250 million, likely saved federally insured credit unions $1.5 billion.

Posted By Halley Hayden read more
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