Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (08/17/2011)
* WASHINGTON (8/18/11)--The U.S. Chamber of Commerce in a comment letter issued Monday has challenged the Consumer Financial Protection Bureau (CFPB) authority to oversee large nonbanks. The chamber cited a “notice and request for comment” the CFPB issued in June. The CFPB notice requested feedback on how the bureau should determine which large nonbanks should be subject to supervision. Because the bureau does not have a permanent director, it lacks the authority to provide such oversight, the chamber said in its comment letter. “The secretary and the bureau should therefore cease all development of the ‘larger participants’ rule until a director has been confirmed,” the letter stated.


RSS print
News Now LiveWire
#creditunion affinity card programs make the grade for schools See #NewsNow http://t.co/TThZIvMRTO
47 minutes ago
Home-price appreciation softens further in July #NewsNow #Market http://t.co/0MXVy9sby0
2 hours ago
.@ChartwayFCU charitable arm, the We Promise Foundation, has reached the $1M fundraising milestone in a single year for the first time
3 hours ago
.@mncreditunions' Mark Cummins shares CU difference with @KIMTNews3 http://t.co/gkarhZxDRF
4 hours ago
.@LeagueofSECUs' brand campaign reaches 80M consumers #NewsNow #System http://t.co/yKmdYyXN2v
5 hours ago