In the second part of a hearing by the Senate Banking Committee on the housing reform outline by Sen. Mike Crapo, experts gave insights into how the outline could be strengthened.
Read More »Protecting Mortgage Consumers from Watchful Eyes
The Consumer Financial Protection Bureau was recently asked to examine the data included with its Home Mortgage Disclosure Act reporting. Learn why.
Read More »Roadblocks Ahead for Credit Union Legislation
The National Association of Credit Unions (NACU), with the support of Representative Bill Posey (R-Florida) and Denny Heck (D-Washington) reintroduced a bill that would require the National Credit Union Association to initiate a study on capital requirements for credit unions before finalizing the final risk-based capital rule that is scheduled to go into effect on the first of January 2019.
Read More »Credit Unions Strapped by CFPB Rule
The CFPB’s ability-to-repay/qualified mortgage rule is putting credit unions in a bind. What does it mean for buyers?
Read More »What Happened to Wages?
The latest jobs report from the Department of Labor offers wildly exceeded expectations alongside disappointing compensation. Do solid employment numbers spell good times ahead? Or do sluggish wages mean trouble is looming?
Read More »Banking and Housing Lobby Petitions for CFPB Structural Changes
The banking and housing lobby has recently sent a letter to the leaders of the Senate and House appropriations committees expressing their position that the Consumer Financial Protection Bureau should be restructured from a single director to a bipartisan panel of five people. Will they be able to get it through before Cordray’s appointment is up in 2018.
Read More »NAFCU Expresses Support for H.R. 916 Bill
The National Association of Federally-insured Credit Unions has come out in support of H.R. 916, a recently reintroduced House bill that threatens to end guarantee fees spending.
Read More »Credit Unions Support OCC’s FinTech Proposal, Sort Of
The National Association of Federally-Insured Credit Unions is behind the Office of the Comptroller of the Currency's recently proposed initiative to allow FinTechs to operate as banks, but it also believes these companies should be held to the same standards and regulations as other financial institutions.
Read More »Credit Unions Petition CFPB Director Cordray for Exemption
The NAFCU reported earlier this week that since the second quarter of 2010, more than 1,350 federally-insured credit unions have been lost, 96 percent of which had below $100 million in assets.
Read More »NAFCU Voices Concern Over Issues Presented by CFPB’s Complaint Database
The Consumer Financial Protection Bureau (CFPB) launched its consumer complaint database in July 2012, one year after beginning operations, and it began publishing complaint narratives in June 2015. Some financial companies expressed concern over the Bureau's publishing of complaint narratives ...
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