Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUs CUNA N.C. league at Durham CFPB meeting
DURHAM, N.C. (5/23/12)—Representatives from Premier FCU, Greensboro, N.C., Piedmont Advantage CU, Winston Salem, N.C., the Credit Union National Association (CUNA), and the North Carolina Credit Union League (NCCUL) will be among those attending today's Consumer Financial Protection Bureau (CFPB) field hearing on prepaid cards in Durham, N.C.

CFPB Director Richard Cordray, CFPB Deputy Director Raj Date, Rep. David Price (D-N.C.), and North Carolina Attorney General Roy Cooper will speak during the hearing. A witness panel of consumer groups, industry stakeholders, and financial experts will also get the chance to speak their minds in a discussion moderated by Date.

Martin Eakes, cofounder and CEO of community investment nonprofit Self-Help, which runs branches of N.C.'s Self Help CU in that state and branches of Self Help FCU in California, will be one of the panelists.

Prepaid cards are one of the many products the CFPB is focusing its early work on, and the CFPB has accepted public comment on how best to regulate prepaid credit card firms.

CUNA Regulatory Counsel Dennis Tsang, who will be in attendance, said today's hearing will present an excellent chance for credit unions to present their views on prepaid card issues.

The field hearing is scheduled to begin at 12:00 p.m. (ET) in the Durham Convention Center. The hearing will also be webcast live on the CFPB's homepage, consumerfinance.gov.
Other Resources

RSS





print
News Now LiveWire
How the '78 #blizzard in NY pushed the popularity of #ATMs http://t.co/Y7Own4ekzY #WinterStormJuno
31 minutes ago
#NewsNow Chicago Tribune column: CU membership worth the switch http://t.co/OtGQeS0IpM
56 minutes ago
As expected, @TheNCUA #RBC2 plan is in today's Federal Register. Comment deadline is April 27. Proposal here: http://t.co/d80aXrRi9e
1 hour ago
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
17 hours ago
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
19 hours ago