The CFPB should take special note of the challenges faced by credit unions and other smaller mortgage lenders in the absence of certain expansions of the Qualified Mortgage safe harbor, CUNA wrote to the CFPB Monday.
FinCEN announced the launch of its Global Investigations Division, which will investigate and target terrorist finance and money laundering threats and work more closely with foreign counterparts to coordinate actions against such threats.
NCUA will take a phased approach to implementing its field of membership regulation in the wake of the D.C. Court of Appeals’ decision last month to largely uphold the rule. CUNA strongly supports the rule.
With several high-profile data breaches hitting just in the month of August, while Congress was in recess, CUNA is continuing its push to Congress to enact meaningful data security legislation through 360-degree advocacy.
The FHFA published a final rule in August that presents the standards, criteria and process that Fannie Mae and Freddie Mac will use to validate and approve third-party credit score models. The final rule is effective Oct. 15.
Comments on a proposed delay of CECL and NCUA’s “Second Chance” proposal are among the items with comments due in the September. A complete list of comment deadlines can be found on CUNA’s advocacy actions page.
The FFIEC Wednesday issued a statement emphasizing the benefits of using a standardized approach to assess and improve cybersecurity preparedness, which it believes allows institutions to better track progress over time.
CUNA, Leagues and credit unions achieved their third victory at the appellate level Tuesday as the Sixth Circuit Court of Appeals dismissed a frivolous lawsuit alleging website noncompliance with the Americans with Disabilities Act.
There is broad support for CUNA’s call for the FCC to delay creation of any call blocking safe harbors, CUNA wrote to the agency Friday, as well as for a centralized "critical calls" list and a robust challenge mechanism.
CUNA maintains more than 60 comprehensive e-Guides on federal laws and regulations that impact credit union operations and regulatory compliance, and many have been updated recently, including on Regulation E, telemarketing and BSA.