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The CFPB makes a major policy move this week in finalizing its new "Advisory Opinions Policy" plan.
A credit union-focused guide to what must happen and what may happen during the next several weeks.
The legislation also would expand the hold harmless protections for lenders.
Both issues remain in flux due to the threat that President Trump says he will veto the defense authorization bill.
Sarah Vega, McWatters' senior policy advisor, also submits her resignation effective today.
Experts discuss what the election outcome could mean for CU legislation, the NCUA and the CFPB.
J. Mark McWatters resigns from the NCUA board in a short letter to the White House.
Under most circumstances, those two votes would doom Hood's plan.
Harper, who is likely to become chair in January, says, "Credit unions need to brace themselves for that eventual reality."
Trade groups urge the agency to allow such capitalization for those facing financial hardships as a result of the pandemic.