Cordray: CFPB Goals Can Balance Soundness Concerns

The CFPB is not required to consider safety and soundness when taking regulatory action, but Cordray says the agency is working with other financial regulators to find a balance between protecting consumers and addressing safety and soundness concerns.

NCUA Chairman Launches Regulatory Modernization Initiative

NCUA Board Chairman Debbie Matz launched a “Regulatory Modernization Initiative” to keep credit unions safe and sound while relieving regulatory burdens. The initiative will introduce new rules, revise existing rules and establish several regulatory relief efforts.