Search
New op-ed: Credit unions shouldn’t qualify as CDFIs
A new op-ed says credit unions should not be designated as community development financial institutions due to their tax exemption.
CFPB proposes boundaries on nonbank supervision
The Consumer Financial Protection Bureau proposed adopting a standard that says it can supervise nonbanks if it determines that the nonbank’s products or services pose a risk to consumers.
Community Bankers of Michigan: Apply CRA to state’s credit unions
The Community Bankers of Michigan called on state lawmakers to subject credit unions to sound regulations such as the Community Reinvestment Act.
CFPB releases new 1033 proposal on sharing consumer financial data
The Consumer Financial Protection Bureau released an advance notice of proposed rulemaking to collect information on how it should implement Section 1033 standards on sharing consumer financial data.