Here’s an example of how the CFPB’s regulations dented credit union success
June 8, 2017
Approximately $73 per member per year on average.
That’s how much the Consumer Financial Protection Bureau’s regulation burdens cost Clark County Credit Union during the 2015 to 2016 period.
Matt Kershaw, CEO of Clark County Credit Union, unraveled the aftermath of his own credit union since the CFPB enacted an onslaught of regulations after the crisis.
Kershaw gave a real example and explanation to a problem that CFPB Director Richard Cordray says doesn’t exist.