The CFPB has released final policy guidance describing the loan level HMDA data that the CFPB intends to make available to the public beginning in 2019 and making modifications to protect consumer privacy.
Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions can apply to use the NCUA’s qualification process for streamlined CDFI certification from Jan. 13 through Feb. 9.
The 2019 speakers for CUNA Collections & Bankruptcy School include a range of experts from attorneys, consultants and collection professionals. The school is scheduled for Sept. 16-19, 2019 in St. Louis, Mo.
CUNA expressed multiple concerns with CFPB data collection policies in a letter sent on Thursday, Dec. 27 in response to a request for information from the bureau on the efficiency and effectiveness of its data collection processes.
CUNA and the Wisconsin Credit Union League filed an amicus brief Friday with the Wisconsin Supreme Court supporting a narrow interpretation of the Wisconsin Consumer Act (WCA). Plaintiff’s attorneys in Wisconsin have been targeting lenders, including credit unions, with litigation under the WCA. CUNA and the league argue these suits are frivolous and could affect access to credit.
CUNA offices will be closed Dec. 24-25 and Jan. 1. There will be no morning Daily news e-mail from Dec. 24 to Jan. 1. CUNA News e-mails will be sent with any notable developments morning Daily e-mails will resume Wednesday, Jan. 2.
The House passed the Retirement, Savings, and Other Tax Relief Act (H.R. 88) Thursday, a bill that contains a provision that would eliminate the new UBIT on not-for-profit transportation and athletic facilities fringe benefits.
CUNA joined the Illinois and Wisconsin Credit Union Leagues to file a brief Thursday in the U.S. Court of Appeals for the 7th Circuit in support of a credit union facing a lawsuit due to uncertainty with the Americans with Disabilities Act.
Access to a liquid secondary mortgage market is vital to the health of credit union mortgage lending, CUNA wrote to the House Financial Services Committee Thursday, for the record of a hearing on the Bipartisan Housing Reform Act of 2018.
The Vote For Miracles campaign wrapped up another successful campaign in 2018, with Hurley Children’s Hospital in Flint, Mich., netting the most votes and securing a $50,000 donation from CO-OP Financial Services.