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CFPB releases CARD Act report, CUNA responds to Cordray’s remarks
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Banking, Consumer Protection, Nonbank Financial
Friday, December 11, 2015
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Appearing before the Consumer Federation of America, Consumer Financial Protection Bureau Director Richard Cordray discussed some of the key findings of a report on the impacts of the Credit Card Accountability Responsibility and Disclosure Act. Cordray took a moment to state that industry claims that regulatory burden would restrict consumer access to credit had been proven false more than once. Read on to learn more about the CARD Act report and what the Credit Union National Association had to say in response.
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