At a time when many credit unions have the CFPB in their crosshairs, one credit union – Self-Help Credit Union – is coming to the beleaguered agency's defense.
The credit union has joined its affiliate, the Center for Responsible Lending, and several consumer groups in an attempt to intervene in a federal suit filed by PHH, a mortgage lender.
While Self-Help is supporting the current structure of the CFPB, major credit union-related trade groups, including CUNA and NAFCU, have called on Congress and the president to cut the agency's powers.
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