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.
CUNA Chief Advocacy Officer Ryan Donovan talked about CUNA’s advocacy work with the World Council of Credit Unions on CUBroadcast, appearing from last week’s World Credit Union Conference in the Bahamas.
Federal financial regulators have issued a statement on risk-focused BSA/AML supervision intended to improve transparency into the risk-focused approach used for planning and performing BSA/AML examinations.
The CFPB has extended the comment period for its proposal on debt collection to Sept. 18, past the original deadline of Aug. 19, to allow “interested persons more time to consider and submit their comments.”
CUNA supports the FTC's proposed changes to its Safeguards Rule, which requires financial institutions to develop, implement and maintain a comprehensive security system to protect consumer information and is being reviewed in the wake of recent data breaches.
A group of U.S. Senators followed up their September 2018 letter to the DOJ Wednesday, continuing to urge the agency to take action to promote clarity, compliance and accessibility regarding how the ADA applies to websites.
The CFPB has reopened the comment period for its proposal on HMDA reporting thresholds, with feedback due by Oct. 15. CUNA filed its initial comments in June, noting that HMDA should be an appropriately tailored regulation.
Five young credit union professionals from four different countries were awarded scholarships to next year's WCUC, hosted in conjunction with CUNA, and global security expert Mikko Hyponnen described the future financial landscape.
Information about how NCUA examines for liquidity and interest-rate risks will be covered in an Aug. 14 webinar hosted by the agency. Registration is open for the webinar, which is scheduled to begin at 2 p.m. (ET).
CUNA recommends the Department of Labor issue a final rule on financial reporting for labor organizations exempting the reporting of information on labor-affiliated credit unions in response to a proposal to amend a form submitted by labor organizations.
The Senate is in session this week for what is expected to be the final time before Labor Day, and the House has already adjourned until Sept. 9. CUNA will be engaged with a Senate Banking Committee hearing on blockchain.