Several important pending rulemakings for credit unions remain on agencies’ fall agendas including the National Credit Union Administration proposal on supplemental capital and the Consumer Financial Protection Bureau’s pre-rule activity on overdraft protection services.
CUNA continues its advocacy efforts after last week’s discussion with the Consumer Financial Protection Bureau about overdraft protections and followed up the meeting Thursday with a letter to CFPB staff.
Fresh off the release of the final Home Mortgage Disclosure Act rule last week by the Consumer Financial Protection Bureau, CUNA’s compliance gurus offer a look at what the increased reporting burdens mean for credit unions.
CUNA President/CEO Jim Nussle said Thursday that the field-of-membership rule changes proposed by the National Credit Union Administration at its open board meeting will provide greater choice for consumers, as well as flexibility for credit unions to better serve their communities.
Hard up for money in her native Hungary, Timea Nagy decided in 1998 to take a job offer in Canada that seemed like a great deal. But that deal quickly turned into a nightmare as upon arrival Nagy was forced into sex slavery for 3 1/2 months before she escaped.