Credit unions are widely expected to be subjected to the proposed consumer financial protection agency's jurisdiction, despite lobbying to be exempted.

"In terms of exemption, I don't think that is very likely. What may be more likely is, there may be some accommodation made on a number of issues," said Ryan Donovan, senior lobbyist for the Credit Union National Association, an industry trade group.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.