Two members of the Senate Banking Committee called for board/commission oversight of the Bureau of Consumer Financial Protection during the confirmation hearing of Kathleen Kraninger, President Donald Trump’s choice to lead Bureau.
In a Thursday vote, the House approved H.R. 6147, the Financial Services and General Government Appropriations Act for Fiscal Year 2019. CUNA supports the legislation as it continues to build upon CUNA’s Campaign for Common-Sense Regulation.
The House Appropriations Committee has adopted language by voice vote that reflects the concerns of CUNA and credit unions regarding the National Credit Union Administration's continuing work to issue a risk-based capital regime for credit unions.
There will be a delay of the effective date of the Consumer Financial Protection Bureau's Know Before You Owe rule, which includes the Truth-in-Lending Act and Real Estate Settlement Procedures Act Integrated Disclosures regulation.
CUNA in a comment letter to the Consumer Financial Protection Bureau Wednesday addressed four areas of the credit card market with this overall message: Because member-owned cooperative credit unions have a vested interest in already ensuring their fees and rates are appropriate and fair, they should not be burdened by additional, cumbersome regulations.
A majority of the Federal Open Market Committee would like to see the central bank raise short-term interest rates twice before the turn of the calendar year, a review of the “dot plot” that accompanies the FOMC’s policy statement, released Wednesday, has found.
More than 3,000 letters from credit union supporters were sent to California state legislators last week in support of a bill that would require retailers to enhance their security standards for the storage of all personal information, including financial information.
Among the six issues on today’s agenda for the National Credit Union Administration’s open board meeting is member business lending--a topic noted by Chair Debbie Matz as part of the agency’s regulatory relief efforts this year.
The housing market could soon receive a boost, as more than 1.5 million homeowners who got pinched by the financial crisis may have the ability to re-enter the market over the next three years, according to a recent study by TransUnion.
The Federal Housing Administration has extended options in its revised policy deferring reverse-mortgage foreclosures against eligible non-borrowing spouses that normally would be triggered by the death of the last surviving mortgage borrower.
Through a new agreement between Equifax and Credit Builders Alliance, nonprofit organizations will be able to report loan data directly to Equifax, expanding its database to include financial information that would help consumers with thin or no files build credit.