DCUC Comments on Supreme Court Ruling

DCUC released the following statement regarding the Supreme Court’s ruling in favor of CFPB’s current funding structure.

“We are disappointed in the court’s decision and will continue to work with Members of Congress to help pass common-sense reform legislation like establishing a 5-member commission to run the agency to improve transparency and accountability. This would prevent much of the regulatory overreach credit unions have experienced recently from the agency. DCUC will continue to work with the current CFPB Director and his team to help educate them on the long-term impact their decisions have on the ability of defense and veteran credit unions to serve their members.” – Anthony Hernandez, DCUC president/CEO