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 Chairman Rodney Hood outlines his credit union priorities in the latest CUNA News podcast at African-American Credit Union Coalition (AACUC) annual conference in Charlotte, NC. “Financial inclusion is the civil rights issue of our generation,” proclaimed Hood.
Registration is still open for CUNA’s free webinar on its latest MAP campaign designed to activate members to call for Congressional data security legislation. The webinar is scheduled for 11 a.m. (ET) and will last approximately one hour.
Educating more than 50 state legislators on the credit union difference is part of a strong advocacy program for the Illinois Credit Union League (ICUL). “The Illinois Credit Union League advocates tirelessly on behalf of Illinois credit union member-owners,” said ICUL President/CEO Tom Kane in the Daily Herald Business Ledger.
After receiving constant requests for money from her children, Shaketha McCregor (Dublin, GA) got creative by establishing an in-home credit union for her family. “I was like I don’t want to just give it to them,” McCregor told Good Morning America. “I want to do something different to make them work for it this time around so they will appreciate it more.”
The D.C. Circuit Court of Appeals issued an opinion today upholding almost all portions of the NCUA’s field of membership (FOM) rule. “Today’s opinion by the D.C. Court of Appeals is a resounding victory for credit unions, their members, and communities across the country,” said CUNA President/CEO Jim Nussle.
Under new interim guidance released today by the National Credit Union Administration, federally insured credit unions can provide certain financial services to legally operating hemp businesses. The move comes on the heels of a request for clarification by Senate Majority Leader Mitch McConnell.