Government statistics say it’s a pervasive and growing problem in the U.S.: employers retaliating against employees who are involved in reporting a co-worker’s wrongdoing. How can credit unions protect whistleblowers who report discrimination, harassment or other misconduct – not to mention the credit union itself and anyone else involved?
The CFPB announced recently that it plans to “combat unlawful, discriminatory practices—including those that have an illegal disparate impact on protected borrowers,” an area that will also be a focus during this year’s DFI, DCBS and NCUA exams.
The NWCUAâ€™s Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. Included here is an update on the debit interchange fee and the importance of reporting suspected instances of steering.