Mountain West Credit Union Association Issues Statement on the Resignation of CFPB Director Cordray

Denver, CO (November 15, 2017) – Scott Earl, President and CEO of the Mountain West Credit Union Association, has issued the following statement regarding the announcement of Richard Cordray, Director of the Consumer Financial Protection Bureau, stepping down from the Bureau by the end of the month:

“The Mountain West Credit Union Association has 125 credit unions representing 3.2 million members across the states of Arizona, Colorado and Wyoming. We appreciate the dedication that Director Cordray exhibited as head of the CFPB and we wish him well in the future. As we move forward, we hope to see more progress to showcase that credit unions are the best financial partner for consumers, that credit unions exist to protect the financial interests of their members and that the CFPB will work to issue rules that help pro-consumer financial institutions. We look forward to working with whomever is chosen to lead the CFPB after Director Cordray.”

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional tri-state trade association representing 125 member credit unions, 3.2 million credit union members and $38 billion in assets throughout Arizona, Colorado and Wyoming. Not-for-profit in nature, credit unions provide low-cost financial services to their members. Founded in 2011, the Mountain West Credit Union Association serves and supports the interests of member credit unions through advocacy, community outreach, education and training, public affairs, regulatory and compliance services and strategic partnerships. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU) and CUNA Mutual Group. Follow us on twitter at twitter.com/mwcua or on Facebook at facebook.com/mwcua. To learn more about credit unions visit AsmarterChoice.org.