Credit unions gave the CFPB a resounding “no confidence” vote in a survey released by CUNA on Tuesday.
About two-thirds of the 272 credit union officials responding to the CUNA survey say the agency should be issuing fewer rules, do a better job of aligning policies with the NCUA, conduct more analysis before issuing rules and more narrowly focus rules on bad actors.
CUNA included in the survey in a “White Paper” that provides a now-familiar list of recommendations on how the agency can do a better job.
Acting CFPB director Mick Mulvaney has issued a series of requests for information about how to change agency operations. Former Director Richard Cordray, an Obama Administration nominee, had been particularly aggressive in policing the financial industry.
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