Credit Union National Association President/CEO Jim Nussle released a statement following a U.S. appeals court ruling on PHH Corp. v. CFPB.
“CUNA maintains that the best leadership structure for the CFPB is a multi-member commission, as recent leadership disputes have shown. Financial institutions and consumers need certainty at the CFPB. A leadership commission would have avoided a lot of legal wrangling and provided certainty at an agency that has major influence over the financial services marketplace.”