Written by Steve Van Beek
Tomorrow, the House Financial Services Committee will mark-up H.R. 4367. The bill would repeal the dual disclosure requirement and, hopefully, put an end to the cottage industry of individuals driving around the country suing financial institutions. For additional information, check out the NAFCU Today.
For NAFCU Resources on complying with the existing ATM fee disclosure requirement, check out our April 18 blog post.
CFPB & FSOC. A community bank from Texas, the Competitive Enterprise Institute and the 60 Plus Association have challenged the constitutionality of the creation of the Consumer Financial Protection Bureau, Director Cordray's appointment and the creation of the Financial Stability Oversight Council (FSOC).
An overview of the arguments can be found in an op-ed published in the Wall Street Journal: Why Dodd-Frank is Unconstitutional.
NAFCU Webcast. Don't forget - on July 11 Carrie Hunt, NAFCU's General Counsel and VP of Regulatory Affairs, and I will be doing a Regulatory Update webcast. You can find additional details and registration information here.
Sign up by July 5th and Save $100.