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CUNA Advocacy Report: May 14

May
14
CUNA Advocacy Report: May 14

The latest CUNA Regulatory Advocacy Report is available and covers:

Posted By Sharon Bahr read more

Missouri Credit Unions Urged to Weigh In on Overdraft Protection

May
11
Missouri Credit Unions Urged to Weigh In on Overdraft Protection

Missouri Credit Unions Urged to Weigh In on Overdraft Protection
Survey Responses Due May 25

The overdraft protection issue is being raised again – both by Congress and by the Consumer Financial Protection Bureau (CFPB).  Credit unions nationwide are asked to take part in a national survey to address these concerns.

Posted By Amy McLard read more

Send Comments to CFPB About Overdraft Protection Programs

Mar
05
Send Comments to CFPB About Overdraft Protection Programs

Missouri credit unions have an opportunity to weigh in on overdraft protection programs with the Consumer Financial Protection Bureau (CFPB).  The Bureau is asking for information regarding overdraft programs and their costs, benefits and risks to consumers.  In addition to financial institutions, consumers and third party processors are also being asked to share their comments. The CFPB states that it plans to use the information to evaluate any potential consumer protection issues raised by overdraft programs

Posted By Amy McLard read more

NCUA/CFPB Town Hall Meeting Summary

Feb
13
NCUA/CFPB Town Hall Meeting Summary

On February 8, the CFPB held a joint Town Hall Meeting with NCUA, which was webcast. NCUA will not be archiving it for several weeks, so we wanted to provide a short summary.

Posted By abucaida@mcua.org read more

CUNA Seeks Guidance and Clarification on MFOEL

Feb
03
CUNA Seeks Guidance and Clarification on MFOEL

Last week, Bill Cheney, CUNA president reported that CUNA staff and CUNA Mutual are working with NCUA and the Consumer Financial Protection Bureau (CFPB) to pursue concerns relating to the regulation of Multi-Featured Open-End Lending (MFOEL). Earlier this week, Senior staff from CUNA submitted correspondence to NCUA which would seek to have the agency revise or supplement its Letter to Federal Credit Unions 10-FCU-02 in order to provide more clarity for credit unions offering these MFOEL programs.

Posted By abucaida@mcua.org read more

Missouri Makes First Hike the Hill of 2012

Jan
20
Missouri Makes First Hike the Hill of 2012

Missouri credit union leaders visited with federal lawmakers as part of the first credit union Hike the Hill of 2012 in Washington, D.C.   The event began with a

Posted By Amy McLard read more

CFPB Publishes Mortgage Exam Procedures

Jan
18
CFPB Publishes Mortgage Exam Procedures

The Consumer Financial Protection Bureau (CFPB) published its Mortgage Origination Examination Procedures on January 11. These procedures are a field guide for CFPB examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.

Posted By abucaida@mcua.org read more

Missouri Credit Unions CFPB Meeting Following New Director Appointment

Jan
09
Missouri Credit Unions CFPB Meeting Following New Director Appointment

Missouri credit union leaders are scheduled to meet with members of the Consumer Financial Protection Bureau (CFPB) staff less than two weeks after President Barack Obama appointed Richard Cordray as CFPB Director.  The meeting will take place during the Missouri Hike the Hill on January 17.  Missouri representatives will meet with Elizabeth Vale, who heads CFPB’s efforts with credit unions and community banks.

Posted By Anonymous (not verified) read more

Nonbank Supervision Program Launched by CFPB

Jan
07
Nonbank Supervision Program Launched by CFPB

On the heels of President Obama's recess appointment of Richard Cordray as the Director of the CFPB, the CFPB announced the launch of its nonbank supervision program. A link to the CFPB's press release is located here.

Posted By Anonymous (not verified) read more

CFPB Director Richard Cordray Reaches Out to CUNA/Leagues

Jan
07
CFPB Director Richard Cordray Reaches Out to CUNA/Leagues

The new Director of the Consumer Financial Protection Bureau Richard Cordray has contacted Leagues and others to begin a dialogue on key issues and concerns. Yesterday, CUNA staff attended a discussion by Director Cordray, who was appointed by President Obama in a recent recess appointment.

Posted By Anonymous (not verified) read more

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