Jim Nussle, CUNA president/CEO, released the following statement after CFPB Director Mick Mulvaney spoke at the 2018 Credit Union National Association Governmental Affairs Conference (CUNA GAC) on Tuesday, February 27:
“We thank CFPB Director Mick Mulvaney for speaking before over 5,000 credit union advocates today. Mr. Mulvaney highlighted concerns about past CFPB rulemakings that caused unprecedented regulatory burden for credit unions. CUNA appreciates the Director’s remarks about the important work that the credit union industry does for consumers, and we look forward to continuing our work with the CFPB to ensure that future efforts focus on bad actors and limit unintended negative consequences on safe and affordable credit union products and services.”
Mulvaney emphasized that “one size does not fit all when it comes to regulating this industry.” He closed thanking credit union members by stating, “We recognize that there is value in what you do and we thank you for it.”