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Upcoming CUNA Comment Letter to CFPB on Prepaid Cards

Jul
12

Credit Union National Association (CUNA) continues to seek input from credit unions on their regulatory comment call on the Consumer Financial Protection Bureau (CFPB’s) advance notice of proposed rulemaking (ANPR) regarding prepaid cards.  CUNA is also working with the CUNA Payments Policy and Consumer Prote

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Upcoming Rulemakings from the CFPB

Jul
11

Credit Union National Association's (CUNA) Regulatory Advocacy Department has developed a chart for credit unions and leagues to use which highlights various rulemaking projects that are being undertaken by the Consumer Financial Protection Bureau (CFPB), as required by the Dodd-Frank Act.  While the chart continues to evolve, the latest version outlines each of the rulemaking initia

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CFPB Requesting Additional Data on Mortgage Lending

Jul
10

The Consumer Financial Protection Bureau (CFPB) is requesting additional data on mortgage lending in conjunction with its rulemaking efforts on the ability to repay proposal.   Credit Union National Association (CUNA) requested an extension of this comment period, set to expire Monday, and they have additi

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CUNA Meets with the Consumer Financial Protection Bureau

Jul
06

On June 25, the Credit Union National Association's (CUNA) Regulatory Advocacy group met with top officials of the Consumer Financial Protection Bureau's (CFPB) regulatory division to discuss a range of issues of concern to credit unions.  Leading off with serious concerns about the direction the agency may be going in regulation of overdraft issues, CUNA previewed its comment lette

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CUNA Files Comments on CFPB's Data Collection of Overdraft Protection

Jul
05

On June 29, the Credit Union National Association (CUNA) filed a comment letter with the Consumer Financial Protection Bureau (CFPB) in response to its request for information on overdraft protection programs and practices.

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Interagency Mortgage Servicing Guidance Issued

Jun
30

The Federal Reserve Board (Fed) joined together with the Consumer Financial Protection Bureau (CFPB), NCUA, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency to issue guidance relating to certain mortgage servicing practices.  Specifically, the guidance addresses risks related to military homeowners who have informed their loan servicer that they have received Permanent Change of Station (PCS) orders and who might seek assistance with their mortgage loans.

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Information from NCUA on Fair Lending Examinations

Jun
29

Recently, CUNA Regulatory Advocacy staff had an opportunity to talk with National Credit Union's (NCUA) Kent Buckham and Moisette Sweat, top personnel in the agency’s Office of Consumer Protection (OCP), about fair lending examinations. 

Questions/Answers on Fair Lending

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CUNA Comments to CFPB and OMB

Jun
27

The Credit Union National Association (CUNA) submitted a comment letter last week to the Consumer Financial (CFPB) and the Office of Management and Budget (OMB) on the CFPB’s plans to collect information on compliance costs and other effects of its potential new regulations, including those required under the D

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Texas Bank Plans to File Lawsuit - CFPB

Jun
26

A Texas community bank, The State National Bank of Big Spring, has announced it plans to file a lawsuit challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB).  The Competitive Enterprise Institute and the 60 Plus Association are reportedly joining the bank as co-plaintiffs.  In its press release, the bank stated that the lawsuit was to be file

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No CUs in CFPB Consumer Complaint Database

Jun
25

​On June 12, the Credit Union National Association (​CUNA) was briefed by the Consumer Financial Protection Bureau (CFPB) staff at the agency’s headquarters in Washington regarding the Consumer Complaint Database on credit card issues, which became available to the public.  As of now, the database does no

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