Harper: Exams Demonstrate Need for Consumer Protection Focus

Citing deficiencies that National Credit Union Administration examiners found during the past year, board Chairman Todd Harper renewed his call Thursday for the agency to develop a separate consumer protection examination.

“We should be going in and looking at [credit union] consumer protection compliance systems,” Harper said, during his confirmation hearing before the Senate Banking Committee.

Colorado Gov. Polis: Pass Marijuana Banking Bill Now

Congress should enact marijuana banking legislation and then tackle the larger issue of legalization, Colorado Democratic Gov. Jared Polis told Democratic senators last week. “Not only are cash-only businesses targets for crime, cannabis businesses are further disadvantaged compared to other legal businesses by being unable to open bank accounts or obtain loans at reasonable rates,” Polis wrote in a letter to Democratic senators who are seeking comment on broad legalization legislation. He continued, “The cannabis industry is simply too large to be prohibited from banking opportunities, and the Senate must remedy this harm by bringing this measure up for a