With S. 2155 the law of the land, we’re not taking a breather. Instead, we’re focusing on earning more regulatory relief.
We intend to make it clear that the Bureau of Consumer Financial Protection should hold up credit unions’ mission of people helping people and its proven track record of providing safe, affordable financial services to consumers as an example of how to do it right—not lump us in with the bad actors.
To do that, this week we:
- Activated our grassroots network, urging credit unions to share stories of regulatory burden with the CFPB. You can weigh in here—be sure to share your comments before the June 19 deadline.
- Outlined to a House subcommittee the changes the CFPB needs to make. We laid out how the CFPB could benefit consumers by easing up on credit unions.
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