The CFPB released a new Elder Financial Exploitation report this month, based on data obtained from Suspicious Activity Reports filed between 2013 and 2017. It will conduct a webinar April 9 highlighting the findings of the report.
The CFPB announced Thursday amendments to its advisory committee charters, which include the Credit Union Advisory Council, and also announced it will begin accepting applications for new council members soon.
CUNA has released an updated version of its share insurance fund distribution calculator tool, designed to help credit unions estimate the amount of their distribution from the $160 million announced by NCUA earlier this month.
The ability of the housing finance system to accurately assess credit risk while responsibly expanding access to affordable mortgage credit for consumers is a key concern for credit unions and the members they serve, CUNA wrote to FHFA Thursday.
The CFPB indicated in its report on administration of the Fair Debt Collection Practices Act that it intends to issue a proposed rule on debt collection that will address communications practices and consumer disclosures relating to the collecting of debts.
The World Council of Credit Unions urged the Basel Committee in Banking Supervision to provide flexibility when it comes to leverage ratio disclosures. The Basel Committee is the primary global standard setter for the prudential regulation of banks.
CUNA leaders, including Ryan Donovan, Elizabeth Eurgubian, Todd Spiczenski and Tom Sakash, took time during last week's GAC to discuss several specific aspects of CUNA’s work on behalf of credit unions and members during interviews with CUBroadcast.
Credit union membership and loan growth weakened in January, but year-over-year membership and loan growth rates remain a strong 4.23% and 8.99% respectively, according to CUNA’s latest Monthly Credit Union Estimates.
CUNA supports supposed the proposed delay of the compliance date for the Consumer Financial Protection Bureau’s payday lending rule, but also supports a delay of the entire rule, it wrote to the CFPB Monday.