CFPB Offers Regulatory Relief for Small Loan Providers

Summary

- The Bureau will focus on threats to consumers, particularly servicemen and veterans. - No specific actions are required for credit unions based on this announcement.

Why It Matters for Texas Credit Unions

This information is relevant as it pertains to the overall regulatory focus of the CFPB, which impacts all credit unions, including those in Texas.

Original Source Material

The Bureau will keep its enforcement and supervision resources focused on pressing threats to consumers, particularly servicemen and veterans.