The Consumer Financial Protection Bureau (CFPB) Wednesday proposed extending the effective date of two recent debt collection rules to January 29, 2022. This is 60 days after the currently scheduled effective date of Nov. 30, 2021.
FinCEN is soliciting public comment on questions pertinent to the implementation of the Corporate Transparency Act, enacted into law as part of the National Defense Authorization Act for Fiscal Year 2021 Jan. 1. Comments are due by May 5.
CUNA President/CEO Jim Nussle spoke with NCUA Vice Chairman Kyle Hauptman Monday on credit union pandemic-related issues and how NCUA can work to support credit unions through the pandemic and economic recovery.
The CFPB's stated intention to review the General QM rule brings uncertainty and instability to the mortgage financing system, CUNA wrote in response to a statement indicating it would review the General QM Final Rule, finalized on December 10, 2020.
The CFPB proposed a set of rule changes intended to prevent foreclosures and assist consumers as the emergency federal foreclosure protections expire, including temporary amendments to Regulation X’s mortgage servicing requirements regarding loss mitigation
CUNA Chief Economist Mike Schenk examines the chances of NCUA issuing an NCUSIF premium and other topics in this month’s Economic Update video. NCUA Chairman Todd Harper said the agency may no longer be able to avoid charging a premium.
FinCEN Director Kenneth A. Blanco Friday announced several leadership changes impacting the bureau. Blanco announced he will depart FinCEN on April 9, after serving as the organization’s director since December 2017.
Reps. Tom Emmer (R-Minn.) and Ed Perlmutter (D-Colo.) introduced a bill Thursday that would modernize the Federal Credit Union Act to update the credit union member expulsion process while ensuring a fair procedure for reinstatement.
The U.S. Supreme Court ruled in favor of CUNA’s position in Facebook v. Duguid Thursday, supporting a narrow scope for the Telephone Consumer Protection Act’s definition of an automated telephone dialing system.