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NCUA chairman to CFPB: Use exemption authority
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Consumer Protection, Legislation
Tuesday, May 30, 2017
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National Credit Union Administration Acting Chairman J. Mark McWatters recently wrote to Consumer Financial Protection Bureau Director Richard Cordray to suggest ways the bureau could use its supervisory and exemption authority to ease compliance burdens, particularly regarding new Home Mortgage Disclosure Act requirements. Read on to find out what various trade organizations representing credit unions and community banks had to say on the subject.
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