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Consumers Financial Protection Bureau

CFPB Payday Lending Proposal – Credit Union Feedback Needed by August 26

Aug
22
CFPB Payday Lending Proposal – Credit Union Feedback Needed by August 26

Missouri and Kansas credit unions are asked to share information with the Heartland Credit Union Association (HCUA) in connection with the Consumer Financial Protection Bureau’s rule for payday, vehicle title and certain high-cost installment loans. There is concern that the overly broad scope of the rule will sweep in products and services offered by credit unions that are not even similar to a payday or small dollar loan. In addition, i

Posted By Amy McLard read more

Heartland Credit Union Association Joins CFPB Letter

Aug
15
Heartland Credit Union Association Joins CFPB Letter

Kansas and Missouri concerns about the Consumer Financial Protection Bureau (CFPB) rejection of the agency’s exemption authority are represented in a letter signed by all 37 credit union leagues and the Credit Union National Association (CUNA).

Posted By Amy McLard read more

June 2: CFPB Field Hearing in Kansas City – CU Participation Encouraged

May
27
June 2: CFPB Field Hearing in Kansas City – CU Participation Encouraged

The Consumer Financial Protection Bureau (CFPB) will hold a field hearing in Kansas City on June 2. It will focus on payday lending/small dollar lending. The hearing will feature remarks from Richard Cordray, CFPB Director, as well as testimony from pre-selected participants. Attendees should have the opportunity to ask questions.

Posted By Nora Revie read more

Missouri Hike the Hill Kicks Off with CFPB Meeting

Jun
09
Missouri Hike the Hill Kicks Off with CFPB Meeting

A meeting with the Consumer Financial Protection Bureau (CFPB) kicked off Missouri’s Hike the Hill. Credit union leaders from across the state of Missouri met with the CFPB on June 8 to start their Washington, D.C. visits.

Posted By Nora Revie read more

Overdraft Protection Survey Results Are In

May
26
Overdraft Protection Survey Results Are In

The Missouri Credit Union Association will have input from 20 credit unions when discussing overdraft protection issues with the Consumer Financial Protection Bureau (CFPB). 

As of May 22, 20 credit unions had participated in the overdraft protection (ODP) survey. This information will be helpful in illustrating how consumers utilize ODP during Hike the Hill, as credit union leaders discuss the issue with CFPB representatives.

Posted By Nora Revie read more

Overdraft Protection Survey Responses Needed by May 22

May
18
Overdraft Protection Survey Responses Needed by May 22

Credit union leaders are meeting with representatives from the Consumers Financial Protection Bureau (CFPB) during Missouri Hike the Hill on June 8. 

Your credit union’s input is needed to help illustrate how overdraft protection (ODP) operates at credit unions in Missouri and how consumers using credit unions want the ODP option available to them.

Posted By Nora Revie read more
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