Consumer Abuse news and trends

Congresswoman Waters Introduces Bill To Punish Bad Banks
Bank Regulation // October 05, 2017

Top Democrat Maxine Waters has introduced a bill outlining a process to break apart big banks that engage in widespread consumer abuse. According to American Banker, the bill – which was backed by seven by other Democrats – is the result of several scandals involving...

Quick Reads
CUs, Bank Trade Groups Clash Over CFPB Regs

May 08, 2019
Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). Jim Nussle, president and CEO of the Credit Union National Association (CUNA), recently requested that all CU supervision be handled by the National Credit Union Administration (NCUA). While only nine credit unions […]

Congresswoman Waters Introduces Bill To Punish Bad Banks

October 05, 2017
Top Democrat Maxine Waters has introduced a bill outlining a process to break apart big banks that engage in widespread consumer abuse. According to American Banker, the bill – which...