Yesterday, Professor Warren delivered an address to the Credit Union National Association, a trade association representing credit unions throughout the United States.
Here is a portion of her remarks:
So that brings me to the heart of what I want to say to you about the Consumer Financial Protection Bureau. Our mission is to make the price clear up front, to make the risks clear up front, and to make it easy for customers to be able to compare three or four products straight up. That’s our central mission. Clarity is the norm here. Your work – creating a valued partnership with your members can be a real competitive advantage – not a way for others to take your business. So I see the Consumer Agency as an ally of credit unions.