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Oklahoma CU Execs Meet with CFPB
Monday, December 22, 2014 6:55 AM

Oklahoma credit union executives had an opportunity on Dec. 11 to meet with representatives from the Consumer Finance Protection Bureau.

While a variety of issues were addressed during the Roundtable discussion, proposed overdraft rules dominated the one-hour meeting. Bureau officials told those in attendance that the issue had taken a back seat to more urgent matters. They now predict the policymaking process won’t begin until late 2015.

Other topics discussed included non-qualified mortgages, mortgage caps, and loss mitigation.