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On June 11, 2019, the Consumer Financial Protection Bureau (CFPB) issued a press release related to Director Kraninger’s first six months leading the CFPB. The press release includes highlights from her tenure so far. Of particular interest to credit unions are the following actions related to enforcing consumer protection laws:
Note, several of these actions were based on violations Doeren Mayhew has seen or heard occur at credit unions.
John Zasada, JD, CAMS – Regulatory Consulting Director, Financial Institutions Group. John can be reached at email@example.com.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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