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Consumer Financial Protection Bureau

Privacy Notification Change May Affect Your Credit Union

Jan
09

Sending out annual privacy notices is a costly regulatory requirement that can also create confusion with members. While the 113th Congress did not pass privacy notification legislation by year-end 2014, there is an alternative option available to Missouri’s credit unions via a new rule from the Consumer Financial Protection Bureau (CFPB). 

Posted By Nora Holloway read more

CUNA Seeks Input from Credit Unions

Oct
28

The Credit Union National Association (CUNA) seeks input from credit unions planning to stop international remittance transfers. The Consumer Financial Protection Bureau's (CFPB) international remittance transfer rule became effective on October 28, 2013.  

Posted By Sharon Bahr read more

CFPB Issues New Clarifications to Mortgage Rules

Jul
16

Last week, the Consumer Financial Protection Bureau​ (CFPB) finalized corrections, clarifications, and amendments to its Ability-to-Repay and mortgage servicing rules.

Posted By Nora Holloway read more

MCUA Supports CFPB Efforts to Delay Credit Insurance Prohibition

May
30

The Missouri Credit Union Association (MCUA) filed a letter strongly supporting the Consumer Financial Protection Bureau (CFPB)

Posted By Nora Holloway read more

Credit Unions Invited to Attend CFPB Consumer Advisory Board Inaugural Meeting on Sept. 27

Sep
19

CFPB Consumer Advisory Board Inaugural Meeting on Thursday, September 27 – St. Louis

Missouri credit union leaders are invited to attend the Consumer Financial Protection Bureau (CFPB)’s Inaugural Meeting of its Consumer Advisory Board on Thursday, September 27, 2012 in St. Louis, Missouri.

Here are the meeting details:

Posted By Amy McLard read more

Pew Report on General Purpose Reloadable Prepaid Cards

Sep
10

On Wednesday, the Pew Charitable Trusts released a report on general purpose reloadable (GPR) prepaid cards. The Pew report focused on GPR prepaid cards that can be used to make purchases, withdraw money from ATMs, and pay bills for consumers. Pew recommends that the CFPB adopt additional regulatory requirements on GPR prepaid cards.

Posted By abucaida@mcua.org read more

Missouri Credit Unions Asked to Respond to CFPB International Remittance Transfer Rule

Aug
31

Missouri Credit Unions Asked to Respond to CFPB International Remittance Transfer Rule

Missouri credit unions have an opportunity to weigh in on the Consumer Financial Protection Bureau’s (CFPB) final rule on international remittance transfers.  CFPB Director Richard Cordray has asked the Credit Union National Association (CUNA) to assemble a working group that will meet with him in-person to discuss the rule and its impact on credit unions. 

Posted By Amy McLard read more

Missouri Credit Unions Urged to Weigh In on Overdraft Protection

May
11

Missouri Credit Unions Urged to Weigh In on Overdraft Protection
Survey Responses Due May 25

The overdraft protection issue is being raised again – both by Congress and by the Consumer Financial Protection Bureau (CFPB).  Credit unions nationwide are asked to take part in a national survey to address these concerns.

Posted By Amy McLard read more

Send Comments to CFPB About Overdraft Protection Programs

Mar
05

Missouri credit unions have an opportunity to weigh in on overdraft protection programs with the Consumer Financial Protection Bureau (CFPB).  The Bureau is asking for information regarding overdraft programs and their costs, benefits and risks to consumers.  In addition to financial institutions, consumers and third party processors are also being asked to share their comments. The CFPB states that it plans to use the information to evaluate any potential consumer protection issues raised by overdraft programs

Posted By Amy McLard read more

NCUA/CFPB Town Hall Meeting Summary

Feb
13

On February 8, the CFPB held a joint Town Hall Meeting with NCUA, which was webcast. NCUA will not be archiving it for several weeks, so we wanted to provide a short summary.

Posted By abucaida@mcua.org read more

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