The Dirty Dozen: CFPB Issues Affecting Credit Unions

Not only are credit unions subject to strict field of membership and capital restrictions, they are also subject to the numerous consumer protection provisions in the Federal Credit Union Act, including the usury ceiling, the prohibition on prepayment penalties, and the member business lending cap. 

The CFPB has recently finalized, and is currently working on, a number of regulations that have significant impact on the credit union industry. While NAFCU has a number of concerns with all the Bureau’s rules, this whitepaper covers the "Dirty Dozen" affecting credit unions today. 

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About the Author

NAFCU Regulatory and Legislative Affairs Staff

Our experienced and proactive lobbyists work to ensure all federal legislation and regulations are in the best interest of our credit union members. Learn more about NAFCU's priorities for 2018.