Credit Union National Association (CUNA) official statement on Supreme Court decision to consider curbing Consumer Financial Protection Bureau’s (CFPB) independence

“CUNA has consistently advocated for legislation that provides for a multi-person, bipartisan commission to lead the Bureau, as was originally proposed by the Obama administration in 2009. A commission is better for consumers because it would enhance the independence of the Bureau, bring diverse perspectives to the policymaking table, ensure greater stability, and be more consistent with our country’s democratic principles. We thank the Supreme Court for agreeing to consider the constitutionality of the CFPB’s current structure and intend to represent credit unions’ views before the court.” –Ryan Donovan, Chief Advocacy Officer