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CFPB Director Richard Cordray Reaches Out to CUNA/Leagues

Jan
07
CFPB Director Richard Cordray Reaches Out to CUNA/Leagues

The new Director of the Consumer Financial Protection Bureau Richard Cordray has contacted Leagues and others to begin a dialogue on key issues and concerns. Yesterday, CUNA staff attended a discussion by Director Cordray, who was appointed by President Obama in a recent recess appointment.

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ATM Fee Lawsuits on the Rise

Dec
22
ATM Fee Lawsuits on the Rise

 

Credit unions in Texas and Louisiana are facing lawsuits this month for failing to properly disclose ATM fees. New York resident Don Anderson is alleging violations of the disclosure provisions of the Electronic Funds Transfer Act (EFTA), also known as the Federal Reserve Regulation E. 

When credit unions charge a fee to a consumer using a non-credit union ATM network card or debit card, Section 205.16 of the EFTA requires:

Posted By abucaida@mcua.org read more

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