The NAFCU Board yesterday shared credit unions’ priorities and regulatory concerns directly with Bureau of Consumer Financial Protection Acting Director Mick Mulvaney during a meeting at the bureau.
In addition, the bureau’s 2019 priorities and its creation of the Office of Cost Benefit Analysis were also discussed. The bureau’s rulemaking agenda indicates several rulemakings next year covering payday lending – which was discussed during Monday’s meeting – the Home Mortgage Disclosure Act (HMDA), debt collection and the TILA/RESPA integrated disclosure (TRID) rule.
NAFCU President and CEO Dan Berger, Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Senior Regulatory Affairs Counsel Ann Kossachev and Regulatory Affairs Counsel Kaley Schafer attended Monday’s meeting along with other NAFCU staff.
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