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As you have been reading here on the blog, we released the first draft versions of a combined Good Faith Estimate and Truth in Lending disclosure form in May. Here on the website, we asked for public feedback through the Know Before You Owe project. We’ve also been talking to some of the institutions that [...]
Since Professor Warren spoke at the Independent Community Bankers of America convention last month, she and I have continued to meet with community banks and credit unions. We were thrilled to reach the milestone of connecting with small providers in all fifty states, but we know there is still more for us to do. As [...]
In our first week on the job, Professor Elizabeth Warren set a goal for the new consumer bureau: to reach out to small, independent bankers from all 50 states before July 21st. We are excited to announce that she has reached her goal early after speaking to bank heads from Arizona, New Jersey, New Hampshire, [...]
Last Tuesday morning, Professor Warren spoke to the Credit Union National Association (CUNA) at its Annual Governmental Affairs Conference. CUNA is a trade association representing 90 percent of America’s credit unions. Professor Warren spoke to them about the CFPB’s emphasis on clarity. She suggested that in a market in which prices and risks are clear [...]
Small financial institutions like community banks and credit unions play key roles in a competitive consumer financial products and services marketplace. They are community members as well, often personally connected to the customers they serve. Each week, we hope to highlight the interaction the consumer bureau has had with these smaller institutions. Professor Warren meets [...]
