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FIs will be required to identify and verify legal entity customers beneficial owners beginning in May 2018.
Credit unions can boost their portfolios though home equity loans, second mortgages and indirect loans.
Trades urge the CFPB to exempt CUs from a proposal intended to protect consumers' right to sue financial institutions.
In the first two months of 2016, 820,000 people joined credit unions - a 400,000-member uptick from last year.
Credit unions can capitalize on consumers need for home equity loans and second mortgages.
Democratic politician Michael Radway has been Metsgers senior policy adviser for nearly three years.
One in four vehicles sold is financed by a credit union a 20% jump compared to 2015.