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News Now

Washington
Cordray says CFPB will help level playing field for CUs
WASHINGTON (3/20/12)--Consumer Financial Protection Bureau Director Richard Cordray noted Monday that credit unions provide "high quality products and services" to their members.

He said that the not-for-profit model makes credit unions unique and especially pro consumer. He praised credit unions for their efforts on financial literacy, including the mortgage classes that many of them hold.

Click for slide showCFPB Director Richard Cordray. Click for slideshow from day one at the 2012 GAC.
"Your model is just as sound today as it ever was,'' Cordray said during a speech at Monday afternoon's session of the Credit Union National Association's (CUNA) Governmental Affairs Conference (GAC).

CUNA's GAC runs through Thursday.


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