The Economic Growth, Regulatory Relief and Consumer Protection Act, would provide much-needed regulatory relief for credit unions and banks and lower the cost of borrowing for thousands of Indiana businesses, Kevin Ryan, president/CEO Financial Center First CU, Indianapolis, wrote in an op-ed that appeared in the Indy Star.
The World Council of Credit Unions seeks nominations from its member organizations for the World Council Young Credit Union Professionals scholarship program, an international networking and educational opportunity for emerging credit union leaders.
With both recent and additional upcoming changes to the mortgage servicing rules, CUNA will offer a webinar addressing the Consumer Financial Protection Bureau’s Amendments to the Mortgage Servicing Rules, at 2 p.m. (CT) Dec. 12.
In recognition for his almost forty years of service to the credit union movement and innovative spirit pushing the movement forward, the National Credit Union Foundation Chuck Purvis, resident/CEO at Coastal CU, Raleigh, N.C., as the recipient of a 2018 Herb Wegner Memorial Award for Outstanding Individual Achievement.
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.
The House passed legislation to reauthorize the National Flood Insurance Program, including changes that could limit future coverage and discounts for high-risk properties, modify premiums and surcharges paid by policyholders and expand opportunities for private insurers to sell policies.
CUNA offered comments on the Consumer Financial Protection Bureau’s interim final rule clarifying the written notice requirement for affected borrowers who have exercised their right to cease communication under the Fair Debt Collection Practices Act.