Don’t miss a thoughtful look from the Washington Post Business Front Page at where the changes will be coming for the CFPB. #creditunions #cdfi #cfpb Callahan & Associates, Inc.
The CFPB - the Consumer Financial Protection Bureau always stirs the passions of credit union leaders and both political parties. The new Trump administration will look to pick new leadership. Congress could look to make structural changes. Either way, the direction of the CFPB is likely changing. “On Capitol Hill, meanwhile, Republican lawmakers have suggested they’ll pursue their own legislative overhaul targeting the bureau. In recent weeks, they have proposed to rethink the CFPB’s leadership structure, curtail its investigative powers and tweak its funding source, since the bureau derives its budget from the Federal Reserve in a unique arrangement meant to spare the watchdog from political wrangling and industry lobbying.” #creditunions #cdfi