The CFPB Tuesday issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services. The CFPB stated many consumer contracts include terms and conditions that claim to limit consumer rights and protections and this fine print may just be an attempt to “confuse people …
CFPB warns against contract fine print deception in new circular Read More »
America’s Credit Unions President/CEO Jim Nussle wrote to members of Congress on why an alternative approach is preferred to a proposed amendment to the House FY2025 National Defense Authorization Act (NDAA) that would clarify military members under the Department of Defense’s Overseas Military Banking Program (OMBP)—but only OMBP members—are insured by the National Credit Union …
Nussle defends tax status of all credit unions to key policymakers Read More »
In an op-ed for CUInsight, America’s Credit Unions Chief Advocacy Officer Carrie Hunt expressed that the NCUA “has peddled party-line policies, gotten overly involved in consumer protection, and placed more regulatory burden on credit unions.” She called on the agency to “return to its roots and be an independent regulator.” Hunt noted regulators, including the CFPB …
Hunt calls for independent NCUA regulation in latest op-ed Read More »
The CFPB finalized a rule Monday to establish a registry requiring certain nonbank entities that have broken consumer laws and are subject to federal, state, or local government or court orders to report them to the bureau. According to the CFPB, it will help the bureau “identify repeat offenders and recidivism trends.” The rule does …
CFPB finalizes rule for nonbank companies subject to court orders Read More »
The NCUA announced several events and activities that are scheduled over the course of June in recognition of Minority Depository Institution (MDI) Awareness Month to highlight the essential role MDIs play in their communities. The activities include: Learn more about MDI Awareness Month.
