Regulatory & Compliance

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.

CFPB officials say they are suspending the reorganization plan announced shortly before the election.

Several provisions of the CARES Act will expire at year-end without congressional action.

The NCUA estimates the agency will end this year having spent $18.3 million less than the board budgeted for the year.

In the past few days, the CFPB has hired a consultant to evaluate options for the payday loan disclosure.

Hood testifies the agency's SIF is healthy and that it will not be necessary to charge credit unions a premium now.

Bill Bynum, longtime CEO of Hope FCU, will sit on an eight-person team to analyze the agency for the incoming administration.