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.
The CFPB last week issued an updated advisory on best practices for financial institutions when suspecting elder financial exploitation, with six categories of “voluntary best practices” to assist financial institutions to prevent elder financial abuse.
CUNA has updated its Military Lending Act credit card fee spreadsheet for the first quarter of 2019, and CompBlogfeatures a “back to basics” entry for the MLA, examining what loans are covered and what loans are exempt from the rule.
Administration and Congressional leaders agreed to suspend mandatory discretionary budget cuts that would have gone into effect starting Sept. 30, an agreement meaning cuts to credit union priorities will likely be averted.
CUNA Marketing & Business Development Council is now accepting submissions for the 2020 Diamond Awards, which recognize credit union marketing and business development professionals for their original marketing campaigns that demonstrate creativity, strategy and proven results.
Mountain West Credit Union Association Director of Corporate Communications wrote an op-ed for CUInsight on the important opportunity that the movement has to open consumers’ eyes to the benefits of joining a credit union.
The House Financial Services Committee held a hearing Wednesday on the merger of BB&T Corp. and SunTrust Bank entities with testimonies from Kelly S. King, Chairman and CEO, BB&T Corporation, and William H. Rogers, Jr., Chairman and CEO, SunTrust Banks, Inc.