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CUs, Bank Trade Groups Clash Over CFPB Regs

PYMNTS

Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). However, a joint letter from the American Bankers Association (ABA) and Consumer Bankers Association (CBA) is fighting back against Nussle’s request.

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NEW REPORT: Visa On Arming CUs To Win The War For Millennial Talent

PYMNTS

Collaboration has seemingly become the new name of the game in the credit union landscape. In the pages of the latest Credit Union Tracker , PYMNTS explores the latest joint efforts and partnerships from around the industry. Around the Credit Union World . Bipartisanship in politics is rare these days.

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Why The Final Payday Lending Rules Are Far From The Last Word

PYMNTS

On the other side of the issue, however, industry representatives were far less excited and genuinely concerned about the unintended casualties of the “consumer protection” legislation. There’s the OCC for national banks; for small state there is the FDIC; medium banks have the Fed and there is NCUA for credit unions.

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