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In the CU

The CFPB's Crusade against Junk Fees and How it Impacts the CU Industry

June 25, 2024 ML&S Season 2 Episode 16
The CFPB's Crusade against Junk Fees and How it Impacts the CU Industry
In the CU
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In the CU
The CFPB's Crusade against Junk Fees and How it Impacts the CU Industry
Jun 25, 2024 Season 2 Episode 16
ML&S

Today, we are once again joined by Jenn Winston and Mike Mulvey to discuss the latest developments from the CFPB regarding their focus against junk fees.  After Jenn discusses recent actions taken by the CFPB and their impact on the credit union industry, Mike Mulvey has some ideas and actions that credit unions can and should be thinking about to replace the potential loss of non-interest income.   

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Show Notes

Today, we are once again joined by Jenn Winston and Mike Mulvey to discuss the latest developments from the CFPB regarding their focus against junk fees.  After Jenn discusses recent actions taken by the CFPB and their impact on the credit union industry, Mike Mulvey has some ideas and actions that credit unions can and should be thinking about to replace the potential loss of non-interest income.