CUNA supports the Bureau of Consumer Financial Protection’s participation in the Global Financial Innovation Network, but strongly encourages the bureau encourage the network to ensure a level playing field in comments submitted Sunday.
CUNA hosted a webinar Wednesday with Bureau of Consumer Financial Protection staff on changes to HMDA reporting requirements. A recording of the webinar is available for free to CUNA members, and will be available shortly.
CUNA generally supports the Bureau of Consumer Financial Protection’s policy to encourage Trial Disclosure Programs but recommends any bureau-approved programs be narrow in scope and not excessively deviate from traditional disclosure standards.
CUNA staff attended Thursday’s meeting of the Bureau of Consumer Financial Protection’s Credit Union Advisory Council. The bureau recently restructured the CUAC and named seven CUNA members to serve on the council for one-year terms.
The Bureau of Consumer Financial Protection, in collaboration with 11 financial regulators and related organizations, seeks comments regarding a consultation document on a Global Financial Innovation Network, due by Oct. 14.
Supervisory guidance does not have the force and effect of law, NCUA and other federal financial regulatory agencies said Tuesday in a joint statement. CUNA supports this unified approach from regulators.
The Bureau of Consumer Financial Protection announced new members for its reconstituted Credit Union Advisory Council Friday. All seven of the selected CUAC members are currently CUNA member credit unions.
The Bureau of Consumer Financial Protection issued an interpretive final rule Friday, clarifying the HMDA partial exemptions contained in S. 2155. CUNA urged the bureau to quickly effectuate the regulatory relief in S. 2155.