CFPB Running Out of Funding Runway
The Justice Department recently ruled that as the Federal Reserve has no profits from which to draw funding, the Consumer Financial Protection Bureau does not currently have a means of legally acquiring funding, which is poised to run out in 2026. CUSO Magazine’s Esteban Camargo reports.
Justice Department Takes Action for the First Time Against a Credit Union Following Redlining Allegations
In its first ever action against a federal credit union, the Department of Justice agreed to a landmark $6.5M settlement with Citadel Federal Credit Union, putting pressure on credit unions with expanded fields of membership.
