BOSTON — Consumer Financial Protection Bureau Director Richard Cordray told credit unions Thursday during his general session address at NAFCU’s Annual Conference that in some respects, they’d be worse off without the bureau.

“Congress provided that the new requirements of Title XIV of Dodd-Frank would have taken effect on their own terms in the absence of implementing rules issued by the deadline, which would have been in January 2013, six months ago,” he said. 

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