Comments on a CFPB proposal on mortgage servicing, bureau request for information on small business lending, as well as a Treasury request for input on ways to streamlining regulations to ease burdens, are due in July.
The Treasury’s report on financial reform reflects a number of areas highlighted by CUNA and credit unions during meetings and follow-up letters. The report, released Monday, is the first of 4 expected released from the Treasury.
Since the Troubled Asset Relief Program was authorized, the U.S. Treasury Department has initiated a number of efforts
under the program, disbursing $385 billion for loans and equity investments, according to testimony by the Government Accountability
CUNA wrote in support of legislation Monday that is a step forward in addressing the threat of litigation under the Americans With Disabilities Act, urging legislators to consider how credit unions are being impacted by frivolous litigation.
The House Financial Services Committee passed 8 CUNA-supported regulatory relief bills Thursday. CUNA wrote in support of the bills prior to the markup, particularly one that would raise the CFPB's supervisory threshold to $50 billion.