Credit unions treat members with dignity and respect and are clear about what their members can expect with loans and fees, Douglas Fecher, president and CEO of Wright-Patt Federal Credit Union testified before a Senate Banking Committee's Subcommitte on Financial Institutions and Consumer Protection, on Tuesday.
The discussion, called "Consumer Protection and Middle Class Wealth Building in an Age of Growing Household Debt," revolved around the role of the new Consumer Financial Protection Bureau, which expects to confirm Richard Cordray, former Attorney General of Ohio, as its first director on Thursday. Speakers helped the committe explore how the bureau should ...