Tag Archives: CFPB

Monday, April 14, 2014

Coats introduces bill to protect credit unions, banks from CFPB overreach


Sen. Dan Coats (R-Ind.) introduced a bill on Thursday to give credit unions and community banks some relief from what he called “crippling financial regulations” enacted following the 2008 financial crisis. Coats’ bill, supported by the Indiana Credit Union League … Read More…

Monday, April 7, 2014

CFPB to ramp up oversight of nonbank auto lenders


CFPB Deputy Director Steven Antonkes said last week the agency will move ahead with a proposal to expand the regulator’s supervisory authority to cover nonbank auto lenders as part of an effort to address fair lending risks. “For some time … Read More…

Friday, April 4, 2014

CUNA solicits input from credit unions on CFPB’s QM/ability-to-repay rules


The Credit Union National Association recently reached out to member credit unions asking for more information on how the CFPB’s new rules have impacted the institutions. CUNA posted a brief survey on its website urging members to provide information on … Read More…

Thursday, April 3, 2014

House hears testimony from witnesses on alleged discrimination at CFPB


The House Financial Services Subcommittee on Oversight and Investigations heard testimony from witnesses on Tuesday alleging that the CFPB has engaged in a culture of discrimination and retaliation against its employees. Last month, reports surfaced that CFPB managers had allegedly … Read More…

Thursday, April 3, 2014

NAFCU urges CFPB to lower safe harbor threshold for remittance transfers

Remittance Money transfer

The National Association of Federal Credit Unions urged the CFPB on Tuesday to lower the safe harbor threshold for remittance transfers to reduce the regulatory burden on credit unions that only offer the service on a limited basis. In January, … Read More…

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