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Consumer Financial Protection Bureau

Send Comments to CFPB About Overdraft Protection Programs

Mar
05
Send Comments to CFPB About Overdraft Protection Programs

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
NCUA/CFPB Town Hall Meeting Summary

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

CFPB Publishes Mortgage Exam Procedures

Jan
18
CFPB Publishes Mortgage Exam Procedures

The Consumer Financial Protection Bureau (CFPB) published its Mortgage Origination Examination Procedures on January 11. These procedures are a field guide for CFPB examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.

Posted By abucaida@mcua.org read more

Nonbank Supervision Program Launched by CFPB

Jan
07
Nonbank Supervision Program Launched by CFPB

On the heels of President Obama's recess appointment of Richard Cordray as the Director of the CFPB, the CFPB announced the launch of its nonbank supervision program. A link to the CFPB's press release is located here.

Posted By Anonymous (not verified) read more

CFPB Director Richard Cordray Reaches Out to CUNA/Leagues

Jan
07
CFPB Director Richard Cordray Reaches Out to CUNA/Leagues

The new Director of the Consumer Financial Protection Bureau Richard Cordray has contacted Leagues and others to begin a dialogue on key issues and concerns. Yesterday, CUNA staff attended a discussion by Director Cordray, who was appointed by President Obama in a recent recess appointment.

Posted By Anonymous (not verified) read more

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