Credit unions prevail over banks in battle for military base access
House and Senate lawmakers have denied a push by banking groups to grant banks the rent-free access to military installations that credit unions have. ... Read full article
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House stymies banks' push for rent-free space on military bases
The House Armed Services Committee approved a bill without a key provision that would allow banks a no-cost presence on military installations, a privilege some credit unions currently enjoy. ... Read full article
CFPB’s Kraninger digs in over halt to military lending exams
Kathy Kraninger, the bureau's director, is in a standoff with Democrats about her claim that the agency cannot supervise institutions under the Military Lending Act. ... Read full article
Banks want the rent-free deal credit unions get on military bases
The Defense Credit Union Council and the Association of Military Banks of America sent dueling letters to Congress about whether banks should pay for space on military installations. ... Read full article
CFPB's Kraninger asks for 'clear authority' over military lending exams
The director of the Consumer Financial Protection Bureau has asked Congress to clarify its ability to conduct exams that ensure compliance with the Military Lending Act. ... Read full article
Consumer group report disputes CFPB policy on military lending exams
The report by the Consumer Federation of America said the regulatory agency has "ample legal authority" to enforce the Military Lending Act despite the bureau's plans not to examine firms for compliance. ... Read full article
Pentagon, others baffled by CFPB plan to cease military lending exams
The bureau says it lacks explicit authority to conduct routine supervision of lenders’ compliance with service member protections, but the decision has sparked pushback from the Defense Department and groups representing military personnel. ... Read full article