CFPBCFPB Director Cordray: Credit unions misrepresent mortgage success


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[Update 1: Includes NAFCU rebuttal to Cordray’s remarks on credit unions.]

The director of the Consumer Financial Protection Bureau, the nation’s most powerful financial services regulator, provided a semi-annual update to the House Financial Services Committee this morning.

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PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”