The CFPB is accepting applications for membership in all four of its advisory committees, including the Credit Union Advisory Council through Feb. 24. The application is open now. New members serve two-year terms.
NCUA will vote on a final rule on joint ownership share accounts at its February 18 board meeting. CUNA supports the joint ownership proposal, as it helps maintain parity with regulations that apply to banks.
NCUA Chairman Todd Harper said he looks forward to working with all stakeholders as NCUA responds to the economic fallout created by the pandemic, position for future challenges and strengthen its commitment to consumer financial protection.
CUNA wrote to House Financial Services Committee leadership supporting the inclusion of $9.961 billion allocated to states, territories, and tribes for direct housing assistance in its budget resolution legislation.
FHFA announced this week that Fannie Mae and Freddie Mac are extending moratoriums on single-family foreclosures, real estate owned (REO) evictions, and several loan origination flexibilities until March 31.
CUNA President/CEO discussed CUNA housing priorities and other issues on a call with Federal Housing Finance Administration (FHFA) Director Mark Calabria. CUNA wrote to Congress and the Biden administration recently with several housing suggestions.
Former Governor Chris Christie and former Mayor Rahm Emanuel will join this year’s CUNA GAC for a lively point/counterpoint discussion tackling some of the issues driving Washington today, and how they’re likely to affect the communities and people credit unions serve.
Sen. Richard Shelby (R-Ala.) announced he will not seek re-election in 2022. Shelby, who has served in the Senate since 1987, is the current vice chair of the Senate Appropriations Committee, and previously chaired the Senate Banking Committee.