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.
A recent CUNA CompBlog post examines several “back-to-basics” principles of the Servicemembers Civil Relief Act (SCRA). The SCRA offers a number of legal protections to active duty servicemembers and reservists while on active duty.
CUNA, working with a large group of state lawmakers around the country, has secured their support for the SAFE Banking Act, which would protect financial institutions that serve legal, cannabis-based businesses.
Town & Country FCU, South Portland, Maine, now offers pet loans. Town & Country FCU announced that their loan department is accepting loan applications to cover expenses accrued from medical procedures, emergencies, or vet visits for its members' four-legged companions.
CUNA launched its latest MAP campaign Thursday, calling on credit unions to make Congress aware that there cannot be data privacy without data security. There will be a free webinar on the campaign August 23 at 11 a.m. (ET).
FASB has issued its proposal on giving certain entities, including credit unions, additional time to implement the current expected credit loss (CECL) standard, delaying implementation as it applies to credit unions to January 2023.
NCUA Chairman Rodney Hood and NASCUS Chairman John Kolhoff signed a Document of Cooperation Wednesday pledging continued coordination between state and federal regulators within the credit union dual chartering system.
The Department of Defense has finalized changes to its Military Lending Act website, used to check a servicemember’s active duty status. Financial institutions must create an account in order to determine the active duty status of a borrower.
The CFPB has announced adjusted threshold amounts for several provisions in Regulation Z, which implements the Truth in Lending Act. The CFPB is required to calculate the dollar amounts for several provisions in Regulation Z annually.