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Credit union trades applaud CFPB decision to supervise fintechs

The Consumer Financial Protection Bureau (CFPB)’s decision to establish supervisory powers over nonbank financial institutions will level the playing ....

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NCUA plans overdraft scrutiny with a close eye on financial inclusion

Amid concerns that fees for overdrawn accounts lead to financial exclusion, the National Credit Union Administration is focusing its attention on such policies this year. ....

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CFPB data collection plan may be too costly for some banks, credit unions

Community lenders may choose to stop serving small businesses rather than absorb the expense of collecting information on race and ethnicity under a proposal by the Consumer Financial Protection Bureau. ....

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