The current safe harbor for late fees should remain in place, as any changes would have significant adverse impact on smaller financial institutions and consumers, CUNA wrote to the Consumer Financial Protection Bureau (CFPB) Monday. [...]
CUNA applauds the Department of Housing and Urban Development (HUD) for providing clarity and consistency by ensuring there is a codified discriminatory effects standard, but urges it to offer a safe harbor for policies directly [...]
By Henry Meier oday, the Senate Banking Committee will be considering the nomination of Acting CFPB Director Richard Cordray to be the director of the CFPB. While there’s much to be said about the [...]
