CFPB Proposal Could Strike CUs

October 2015
Credit Union Times;10/28/2015, Vol. 26 Issue 39, p1
The article reports on the impact of newly proposed rules by the U.S. Consumer Financial Protection Bureau (CFPB) on credit unions (CUs). It says that the proposed rules ban the class-action waivers in arbitration clauses. Moreover, comments from CFPB Director Richard Cordray and Kevin Thompson of mutual insurance company CUNA Mutual Group are provided.


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