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CFPB Hears From Missouri Leaders Prior to Inaugural Session

Sep
27

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

Recent CFPB Updates

Sep
07

The CFPB published several new items on its website concerning the CFPB’s various initiatives including updates to its Private Student Lending Loan Report. CFPB states that since the release of its original report to Congress in July, it has “developed ways to make better estimates on certain market statistics, pa

Posted By Halley Hayden read more

Overdraft Lawsuits Hit California

Jul
05

Vexing, cookie-cutter lawsuits are not only aimed at ATM disclosures according to the Credit Union National Association (CUNA).

Posted By Halley Hayden read more

CFPB Extends Overdraft Comment Period

Apr
26

 

Credit unions have additional time to weigh in on the impacts of overdraft programs on consumers. The Consumer Financial Protection Bureau (CFPB) is extending the Overdraft Notice comment period until June 29. The original deadline was April 30.

Posted By Halley Hayden read more

Overdraft Survey Extended: May 25

Apr
24

In response to the Consumer Financial Protection Bureau's (CFPB) request for input on Overdraft Protection & Overdraft Privilege Programs, CUNA has developed a survey to gather input from credit unions.
The CFPB’s inquiry is focused on four main areas:

(1) Transaction Re-Ordering that Increases Consumer Costs,

(2) Missing or Confusing Information,

Posted By Halley Hayden read more
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