The FFIEC Thursday announced the availability of data on 2022 mortgage lending transactions reported under the Home Mortgage Disclosure Act by 4,460 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.
Credit unions and other financial institutions need a reasonable transition period to comply with sudden changes in the 2020 Home Mortgage Disclosure Act (HMDA) final rule, CUNA and other trades wrote to Federal Financial Institution Examination Council member agencies.
Credit unions support the mission of the Home Mortgage Disclosure Act mortgage reporting requirements but believes the rule has disproportionately burdened credit unions despite no evidence of past wrongful conduct, CUNA wrote to the CFPB Friday.
Credit Union Rock Stars are outstanding credit union professionals and directors from a wide range of disciplines who inspire and innovate to advance the missions of their credit unions. The 25 members of the 11th class of Rock Stars were selected for their exceptional creativity, innovation, and passion.