The CFPB issued a Request for Information Wednesday on the bureau’s external engagements. Specifically, the bureau is seeking comments and information from interested parties on ways to engage the public.
Kim Sponem, president/CEO of Summit CU, will testify on behalf of CUNA Wednesday about the harmful effects of data breaches and the importance of data security legislation before the a House Financial Services subcommittee.
The NCUA board will discuss the process of getting rebates to credit unions from the closure of the Temporary Corporate Credit Union Stabilization fund Feb. 15, according to the agenda released Thursday.
The House passed a CUNA-backed regulatory relief bill, the Mortgage Choice Act Thursday morning. The bill would provide relief to mortgage lenders by excluding certain charges from the points and fees calculation.
CUNA joined with other financial trade organizations Wednesday to outline significant unaddressed issues in the CFPB’s amendments to its Real Estate Settlement Procedures Act rule, scheduled to take effect in April.
It is normal and perfectly acceptable that credit unions should evolve, CUNA President/CEO Jim Nussle wrote to Sen. Orrin Hatch (R-Utah).in response to a letter Hatch sent NCUA Chair J. Mark McWatters.
CUNA met with Department of Defense officials and representatives from federal financial regulators, including the NCUA and CFPB, Wednesday to discuss clarifications relating to the Military Lending Act guidance.
The World Council of Credit Unions generally supports the Financial Stability Board’s proposal on ways to improve stability of too-big-to-fail banks, but urged the board to make several changes in the final version.
CUNA continues its active engagement with credit unions facing legal threats over website accessibility issues under the Americans with Disabilities Act by evaluating litigation around the country against several credit unions.
CUNA is engaged with House consideration of a regulatory relief bill, the Mortgage Choice Act, as well as Congressional discussions for funding the federal government and hearings in both chambers of Congress this week.