Comments on a CFPB proposal on mortgage servicing, bureau request for information on small business lending, as well as a Treasury request for input on ways to streamlining regulations to ease burdens, are due in July.
The Treasury’s report on financial reform reflects a number of areas highlighted by CUNA and credit unions during meetings and follow-up letters. The report, released Monday, is the first of 4 expected released from the Treasury.
Since the Troubled Asset Relief Program was authorized, the U.S. Treasury Department has initiated a number of efforts
under the program, disbursing $385 billion for loans and equity investments, according to testimony by the Government Accountability
CUNA’s Final Rule Analysis of the Consumer Financial Protection Bureau’s short-term, small-dollar loan rule is now available, to help credit unions figure out how it will affect small-dollar lending at their institution.