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News Now

CU System
Cheney Comments On Cordray Nomination For USA TODAY
WASHINGTON (7/19/13)--Comments by Credit Union National Association President/CEO Bill Cheney were featured in USA TODAY's story Wednesday about the Senate confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau.
 
Cheney, who was the only financial industry trade representative quoted, congratulated Cordray's confirmation but noted credit unions' concern "about the impact that a number of the CFPB's regulations and proposals will have."
 
In the article, Cheney said that Cordray, as interim director, had proved "to be receptive of credit unions and particularly our concern about the impact of the actions on our cooperative financial institutions."
 
The article, "Obama praises director of consumer board," also featured extensive quotes by President Barack Obama, Cordray and Senate Majority Leader Harry Reid (D-Nev.). Use the link to access the full USA TODAY article.
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