CFPB ‘Overregulation’: How You Can Help

Logo for the Consumer Financial Protection Bureau

Consumer Financial Protection Bureau (CFPB) regulations have been impacting your credit union and members since 2010. Whether implementing new rules or navigating existing regulations, your credit union has a story to tell.

In March, credit unions told Congress the CFPB’s “overregulation” should be changed. In response, Congress requested very specific and concrete evidence of how the CFPB has negatively impacted credit unions and consumers.

Today, credit unions can help the California and Nevada Credit Union Leagues communicate direct examples of the CFPB’s “overregulation” to members of Congress in California and Nevada.

Click here to explain in as much detail as possible how the CFPB’s rules, regulations, and compliance challenges have (or will) impact your credit union and membership. You will find submission examples, as well as a list of rules and regulations the CFPB has enacted.

Please note: This is not a "one time" use page. As examples continue to arise, please feel free to send this web page to your staff and team to participate.

For additional information, contact Jeremy Empol, vice president of federal government affairs for the Leagues; or Sharon Lindeman, vice president of regulatory advocacy for the Leagues.