Cordray Pledges to Go Easy

Cordray Pledges to Go Easy

Saying that credit unions and small banks had very little, really nothing to do with causing the financial crisis, Consumer Financial Protection Bureau Director Richard Cordray renewed his commitment to ensure that they don't face unnecessary additional regulatory burdens. Cordray told the Sena...

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Bibliographische Detailangaben
Veröffentlicht in:Credit Union Times 2012-02
1. Verfasser: Marx, Claude R
Format: Artikel
Sprache:eng
Schlagworte:
Banking
Community banks
Congressional committees
Congressional hearings
Consumers
Cordray, Richard
Credit unions
Regulation of financial institutions
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Zusammenfassung:Saying that credit unions and small banks had very little, really nothing to do with causing the financial crisis, Consumer Financial Protection Bureau Director Richard Cordray renewed his commitment to ensure that they don't face unnecessary additional regulatory burdens. Cordray told the Senate Banking Committee at a Jan 31, 2012 hearing that credit unions and community banks are successful business models and are the institutions most responsive to the needs of consumers. Therefore, his bureau wants to ensure that its regulations to protect consumers don't hurt those entities, he added.
ISSN:1058-7764