The House voted Thursday night in favor of the CUNA-backed bill, the Home Mortgage Disclosure Adjustment Act (H.R. 2954), which would raise the reporting threshold for certain Home Mortgage Disclosure Act requirements.
Tonight, the CUNA-backed TRID Improvement Act of 2018 (H.R. 5078) passed in the House with a 53-5 vote. Amendments under the bill include clarifications to the Real Estate Settlement Procedures Act, requiring the Consumer Financial Protection Bureau to allow the accurate disclosure of title insurance premiums and any potential available discounts to home buyers.
Credit Union National Association (CUNA) and the National Credit Union Foundation (the Foundation) are impacting Washington, D.C. public schools by providing financial literacy materials to over 20,000 middle and high school students in the area.
Jim Nussle, CUNA president/CEO, released the following statement after CFPB Director Mick Mulvaney spoke at the 2018 Credit Union National Association Governmental Affairs Conference (CUNA GAC) on Tuesday, February 27:
Jim Nussle, CUNA president/CEO, released the following statement after NCUA Board Member Rick Metsger spoke at the 2018 Credit Union National Association Governmental Affairs Conference (CUNA GAC) on Tuesday, February 27:
Today at the CUNA Governmental Affairs Conference (GAC), 5,000 credit union professionals from around the country gathered to hear George W. Bush, 43rd President of the United States, discuss the current political, cultural and financial climate with Credit Union National Association President/CEO Jim Nussle.
Jim Nussle, CUNA president/CEO, released the following statement after NCUA Chairman McWatters spoke at the 2018 Credit Union National Association Governmental Affairs Conference (CUNA GAC) on Monday, January 26:
CULedger, builder of innovative blockchain-based products for credit unions and their members, teamed up with Evernym to launch MyCUID, a new consumer-focused digital identity solution. With MyCUID, credit union members can confidently protect themselves from financial fraud and identity theft, while enriching the trusted relationships members have with their credit unions.
The next CUNA Fair Lending Workshop has been announced for August 15-16, 2018, in San Diego.
“This workshop will give you the big picture of what credit unions need in a fair lending program, a sufficiently detailed perspective of the program components to work with and a suggested priority of what to do next,” said former attendee John N. Cook, vice president of lending at Redstone Federal Credit Union.
Credit Union National Association, the Georgia Credit Union League and NAFCU filed an amicus brief with the U.S. Court of Appeals for the 11th Circuit defending a credit union hit with a lawsuit over overdraft services.
Credit Union National Association and Cornerstone Credit Union Association last night filed an amicus brief supporting a credit union in Texas that’s facing a frivolous lawsuit alleging website noncompliance under the Americans with Disabilities Act (ADA).