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Metsger Highlights Access in Proposing Rebrand for Consumer Protection Office
Monday, October 3, 2016 6:45 AM

Consumer access to affordable financial services is essential to strong consumer financial protection, so National Credit Union Administration Board Chairman Rick Metsger is proposing rebranding the agency’s Office of Consumer Protection.

Pending board approval, the office will be re-named the Office of Consumer Financial Protection and Access, reflecting its role in facilitating access to credit unions through the chartering and field-of-membership functions.

“The Federal Credit Union Act created a system of cooperative credit to promote thrift among its members and create a source of credit for provident and productive purposes,” Metsger said. “One of the best ways to protect consumers is to ensure access to desired products and services from reputable financial services providers. Consumer protection is not just regulating what a credit union can’t do. It’s also about making sure regulations do not inhibit credit unions’ ability to serve members, including those of modest means, with safe and sound products that are financially sustainable for the credit unions.”

View the entire press release here‚Äč