CUNA will be engaged with several Congressional hearings this week. The House is expected to consider the FAA Reauthorization Act of 2018, and the Senate may consider the nomination of Mike Pompeo to be Secretary of State.
Thursday, April 19 marked the effective date of amendments to the CFPB's mortgage servicing rules. Confirmed successors in interest are now entitled to the same protections available to borrowers under both Reg Z and Reg X.
FinCEN issued a new set of frequently asked questions for its CDD rule, which goes into effect May 11. The agency says it may issue “additional FAQs, guidance or grant exceptive relief as appropriate."
Credit unions raised $380,000 in their 17th year of title sponsorship of the Credit Union Cherry Blossom Ten Mile Run, which saw 16,661 runners participate Sunday, in addition to 2,529 in the 5K Run-Walk.
Regulatory relief for credit unions cannot wait, CUNA President/CEO Jim Nussle wrote Friday. CUNA, leagues and credit unions are urging the House to pass the Economic Growth, Regulatory Relief and Consumer Protection Act.
Credit unions presented Children’s Miracle Network Hospital with a check for $380,000 Thursday, leading into this weekend’s Credit Union Cherry Blossom Ten Mile Run. The annual race has been sponsored by credit 17 years.
The CFPB Wednesday issued its latest request for information RFI on consumer financial education, designed to assist the bureau in assessing the overall efficiency and effectiveness of its consumer financial education programs.
A lawsuit against a Texas credit union was voluntarily dismissed by the plaintiff this week, only days after CUNA and the Cornerstone Credit Union League filed an amicus brief in defense of Local 20 IBEW FCU.
Credit unions are not included in a Treasury report on recommendations to reform the Community Reinvestment Act. CUNA staff met with the Treasury in January, explaining how Congress explicitly excluded credit unions from the CRA.
The Michigan Credit Union League joined with its state banking associations this week to call on members of its congressional delegation to support the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act.
State dignitaries and Service CU members praised the credit union during Service CU’s 61st Annual Meeting, including New Hampshire Gov. Christopher Sununu, who commended the credit union for its community-driven vision.