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Arkansas CUs Discuss Regs and Burdens at CFPB Roundtable
Thursday, June 9, 2016 7:00 AM

Arkansas Field Hearing CFPB

The Arkansas Credit Union Association met with the Consumer Financial Protection Bureau for a Roundtable discussion of issues and idea sharing on Tuesday, June 7, 2016.  The meeting, hosted by the CFPB, was very productive. 

CEOs and staff members from 11 credit unions from around the state met with CFPB's Jennifer Stockett, David Silberman, Julian Alcazar, and Eric Goldman. CFPB rulemaking and finalization of some proposals were discussed. Of particular interest were the issues of the proposed small loan (payday lending) proposal, the mortgage lending rules, and the overdraft protection proposals.

Attending from Arkansas were Kim Wiedower, Cooperative Extension Service FCU; Betty Chandler, Electric Cooperatives FCU; Bobbie Threlkeld and Kim Coleman from Baptist Health FCU; George Bujarski from United Arkansas FCU; Kathy Perkins from Diamond Lakes FCU; Steve Brown and Michael Armstrong from Alcoa Community FCU; Karen Davis from UP Employees FCU; Linda Jeffery and Tiffany Greenway from TruService Community FCU; Debbie Lawrence from Hurricane Creek FCU; Debbie Gatlin and Terry Tucker from Pine FCU; Brad Clark, Belinda Robertson, Mary Harvey, and Rayne Johnson from Northeast Arkansas FCU; Ron and Claudetta Harrod, Skeeter Brosius, Nathan Behncke, Gretchen Ziegler, and Reta Kahley from the Cornerstone Credit Union League.

“I was very proud of our Arkansas credit unions," said Arkansas Credit Union Association President Reta Kahley. "They were considerate but hones with the CFPB about the ramifications of some of their rulemaking. Our discussions, while healthy, were also very member focused on how rules could be adapted to help the consumer but also not impinge upon the credit union’s ability to serve their members.”

Arkansas Field HearingArkansas Field Hearing CFPB