The CFPB has published four frequently asked questions about the Secure and Fair Enforcement for Mortgage Licensing Act , and the amendments made by enactment of S. 2155, amendments effective as of Nov. 24.
CUNA supports the FTC's proposed changes to its Safeguards Rule, which requires financial institutions to develop, implement and maintain a comprehensive security system to protect consumer information and is being reviewed in the wake of recent data breaches.
CUNA, state leagues individual credit unions and other strategic partners are working to deepen diversity, equity and inclusion throughout the industry at both the organizational and member levels, writes CUNA's Samira Salem in Credit Union Journal.
For credit unions in the Dakotas, Tuesday’s announcement that they are launching the Open Your Eyes to a Credit Union® campaign couldn’t have better timing, writes Jeff Olson, president/CEO of the Credit Union Association of the Dakotas.
CUNA attended the two-day meeting of the CFPB's Credit Union Advisory Council Wednesday and Thursday, which included discussions on faster payments, remittances and the CFPB’s recent debt collection proposal.
CUNA President/CEO Jim Nussle issued a statement on the passing of former Sen. Thad Cochran (R-Miss.) Thursday, the day the former legislator passed away at the age of 81. Cochran served in the Senate from 1978 until 2018.
NCUA should only promulgate new or expand existing rules only if they are warranted based on “a compelling need,” CUNA wrote to NCUA Thursday. CUNA also noted ways NCUA’s regulatory review could be improved.
CUNA requested NCUA explore the idea of adopting a floating interest rate cap for federal credit union loans instead of its traditional fixed interest rate (currently 18%) in a letter to NCUA board members Wednesday.