The CFPB and other agencies have announced thresholds for certain regulations for 2020. This includes for higher-priced mortgage loans made during calendar year 2020 and Regulations Z and M for consumer credit and lease transactions.
NCUA board member Todd Harper requests comment on creating a dedicated consumer compliance exam program for large, complex credit unions. Current exams in credit unions assets of $10 billion or less differs from other financial regulators.
The U.S. District Court for the Western District of Pennsylvania will hold a final approval hearing Nov. 6 for the settlement in the Wendy’s data breach lawsuit. CUNA, state leagues and a number of credit unions are among the plaintiffs in the lawsuit.
The House Financial Services Committee passed a bill Wednesday to require regulators to issue a report describing measures it has taken to strengthen cybersecurity and enhance the Federal Information Security Modernization Act
Credit unions can get valuable information about a range of consumer protection topics on a Nov. 19 webinar hosted by NCUA, including PAL IIs, HMDA review findings, Regulation B and elder financial abuse.
Protecting Americans’ financial and other personal information no matter what entity possesses it is of utmost importance to credit unions, CUNA wrote in support of the Cybersecurity and Financial System Resilience Act (H.R. 4458) Tuesday.
NCUA’s proposed 2020–2021 budget is now available for review and comment. The agency will hold a public budget briefing on Nov. 20, beginning at 10 a.m. (ET), at its Central Office in Alexandria, Va. and CUNA will present at the briefing.
CUNA attended last week’s two-day meeting of the CFPB’s Credit Union Advisory Council, which included a roundtable discussion and a conversation about HMDA. The CUAC consists of representatives from eight CUNA member credit unions.
The House passed the CUNA-supported COUNTER Act (H.R. 2514) by voice vote Monday, a bill that would index the Currency Transaction Report threshold for inflation every five years and further study the impact of Suspicious Activity Reports.