From the Archives: August 2013

CFPB REQUEST FOR COMMENT: MCUL Comments on CFPBs Agency Information Collection Trial Disclosures 

On July 18, 2013 the MCUL responded to the CFPB’s request for comment regarding their trial disclosure program. The MCUL expressed in its comment letter the bureau’s lack of necessary information and requested clarity regarding what they are looking for with this type of request. While the MCUL appreciates the CFPB’s willingness to consider the potential burdens of information collection activities on credit unions, it expressed the importance in the CFPB identifying in their requests for comment, the specific areas in which they wish to collection information, identify burdensome areas, and work to alleviate the burdens while providing necessary information to consumers.

The CFPB’s request for comment can be found here

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