The CFPB's timing study on “junk fees” has not met the public comment obligations under the Paperwork Reduction Act (PRA) and should not receive a general clearance, CUNA wrote to the White House Office of Information and Regulatory Affairs.
CUNA wrote the Senate Banking, Housing, and Urban Affairs Committee in support of the credit union position on third party vendor authority, privately insured credit unions, deposit insurance reform, and the Central Liquidity Facility.
The Federal Housing Finance Agency (FHFA) should be more transparent in its pricing of guarantee fees, CUNA wrote to the House Financial Services Subcommittee on Housing and Insurance. The comments were submitted for the record of the subcommittee’s Wednesday hearing on housing affordability.
The Federal Housing Finance Agency (FHFA) issued a Request for Input on Government-sponsored Enterprises (GSE) Fannie Mae and Freddie Mac’s single-family pricing framework, seeking feedback on the goals and policy priorities that FHFA should pursue in its oversight of the pricing framework.
Credit unions support the same social program impacts identified in the Federal Housing Finance Agency’s Enterprise single-family social bond policy request for input, CUNA wrote to FHFA Wednesday. FHFA is considering establishing such a program for issuance by Government-sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to investors.
CUNA highlighted the credit union system’s overall health and supported several NCUA-related priorities in a letter to the House Financial Services Committee for the record of its hearing on oversight of federal financial regulators.
The Federal Reserve has opened its 2023 Community Development Financial Institution (CDFI) survey for 2023, which will be used to better inform the Fed, CDFI Fund, and other policymakers, researchers, and practitioners about the work of CDFIs.
The House and Senate are in Washington, D.C., this week, and federal financial regulators--including NCUA Chairman Todd Harper--are scheduled to testify before the House Financial Services Committee Tuesday and the Senate Banking, Housing, and Urban Affairs Committee Thursday.
The credit union mission is putting the needs of more than 135 million members first, CUNA Deputy Chief Advocacy Officer for Federal Government Affairs wrote to Congressional offices in advance of bank visits to Capitol Hill expected this week.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.