Schumer Recommends Rohit Chopra for Seat on FTC

Senate Democratic Leaders Charles Schumer (D-N.Y.) has recommended former CFPB Assistant Director Rohit Chopra for a seat on the Federal Trade Commission. Chopra currently is a senior fellow at the Consumer Federation of America, where he leads research and advocacy...

Credit Union Sues Chipotle After Alleged Breach

Bellwether Community Credit Union has filed a class-action lawsuit against Chipotle and is seeking damages related to the fast-casual restaurant company’s recent data security breach, according to documents filed in a Colorado District Court on May 4. The suit...

NCUA Should Abandon Alternative Capital Plan: Bankers

Banking groups are blasting the NCUA for considering expanding options for credit unions to build capital beyond retained earnings, charging that such an expansion would violate federal law. The American Bankers Association and the Independent Community Bankers...

Credit Unions Carve Out Bigger Slice of Consumer Loans

Borrowers turned to credit unions for cars, motorcycles, boats, college and credit cards in March to an extent not seen in 16 years. Credit unions held $393.7 million in consumer loans in March, up 14.1% from a year earlier, the Federal Reserve reported in...