CUNA joined other trade organizations Thursday to back the Senate's TRID Improvement Act of 2018, which would amend RESPA to allow the accurate disclosure of title insurance premiums and any potential available discounts to homebuyers.
The Fair Credit Reporting Act and its implementing regulations and guidance could be updated to provide more clarity, CUNA wrote, also noting that the BCFP should continue to examine its FCRA regulation and guidance documents.
Bureau of Consumer Financial Protection Acting Director Mick Mulvaney announced this week he has selected Brian Johnson to assume the responsibilities of Acting Deputy Director. Johnson currently serves as principal policy director at the bureau.
CUNA leadership, including President/CEO Jim Nussle and Chief Advocacy Officer Ryan Donovan, sat down over the course of this year’s America’s Credit Union Conference to discuss CUNA’s awareness campaign, regulatory relief and more on CUBroadcast.
CUNA launched a new online community this week for its Member Activation Program , a forum where credit union industry professionals can discuss best practices and exchange ideas and resources to better advocate for credit unions.
CUNA will be engaged with a Senate Banking Committee hearing on the Fair Credit Reporting Act this week, in addition to other activities in both chambers. The House and Senate are also expected to consider several bills.
CUNA released an updated white paper on the benefits of the credit union tax status, noting that, in 2017 alone, the credit union system created $15 billion in financial benefits to members and non-members alike.
Bureau of Consumer Financial Protection Deputy Director Leandra English will step down from the bureau and no longer challenge Acting Director Mick Mulvaney for leadership of the bureau, according to reports Friday.
Credit unions will have two final opportunities to comment on BCFP RFIs with due dates July 9 and July 16. CUNA submitted individual comments for several and submitted copies of its comprehensive white paper for the others.