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NCUA's Final Board Meeting of 2014

Dec
09
NCUA's Final Board Meeting of 2014

The National Credit Union Administration's (NCUA) Board will meet for the last time in 2014 on Thursday, December 11. The main item on the agenda is a final rule on appraisal exemptions.

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MCUA Submits Comments to CFPB on Mobile Financial Services and the Underserved

Sep
15
MCUA Submits Comments to CFPB on Mobile Financial Services and the Underserved

The Missouri Credit Union Association (MCUA) submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) on mobile financial services and the underserved on September 10, 2014.

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MCUA Submits Comments on CFPB International Remittance Transfers Rule

Jun
12
MCUA Submits Comments on CFPB International Remittance Transfers Rule

The Missouri Credit Union Association (MCUA) submitted its comment letter on the Consumer Financial Protection Bureau's (CFPB) latest international remittance transfers proposed rule on Friday, June 6.

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CUNA Seeks Feedback on CFPB's Proposed International Remittance Transfers Rule

May
02
CUNA Seeks Feedback on CFPB's Proposed International Remittance Transfers Rule

The Credit Union National Association (CUNA) is seeking credit union feedback to their Regulatory Call to Action through May 12 on the Consumer Financial Protection Bureau's (CFPB’s) recent proposed rule to modify its international remittance transfers rule. CUNA contin

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MCUA Sends Comments to CFPB Concerning Mortgage Closing Process

Feb
23
MCUA Sends Comments to CFPB Concerning Mortgage Closing Process

In response to a recent Consumer Financial Protection Bureau (CFPB) Request for Information (RFI) relating to the home mortgage loan-closing process, in early February the Missouri Credit Union Association (MCUA) filed a comment letter with the agency using data co

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CUNA Seeks Your Comments on Mortgage Closing Process

Jan
24
CUNA Seeks Your Comments on Mortgage Closing Process

The Consumer Financial Protection Bureau (CFPB) is planning to develop a more streamlined, efficient and educational mortgage closing process. To assist in understanding what consumers find most problematic about the current closing process, the Bureau has issued a Notice and Request for Information seeking input on 17 questions covering:

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CFPB and NCUA Adopt Supplemental Rule on Appraisals for "Higher-Priced Mortgage Loans"

Dec
19
CFPB and NCUA Adopt Supplemental Rule on Appraisals for "Higher-Priced Mortgage Loans"

The Consumer Financial Protection Bureau (CFPB), National Credit Union Administration (NCUA), and other federal financial regulators adopted a supplemental rule that amends Reg Z-changes made by a January 2013 final rule* regarding appraisals for “higher-priced mortgage loans” (HPML)— formerly referred to as “higher-risk mortgages.” For certain mortgages with an APR that exceeds the average prime of

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Missouri Federal Lawmakers Urge CFPB to Delay Mortgage Rule Implementation

Dec
17
Missouri Federal Lawmakers Urge CFPB to Delay Mortgage Rule Implementation

Six Missouri U.S. House members, along with U.S. Senator Roy Blunt (R), have signed on to letters urging the Consumer Financial Protection Bureau (CFPB) to delay implementation of new mortgage rules. The rules are set to take effect January 2014.

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Standards for Assessing Credit Unions' Diversity Policies & Practices

Nov
18
Standards for Assessing Credit Unions' Diversity Policies & Practices

As reported previously, National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Fed, Office of the Comptroller of the Currency (OCC), and Securities Exchange Commission (SEC) have proposed joint standards for assessing the diversity policies and practices of the entities they regulate.

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