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MCUA Comments on CFPB Proposal on Ability to Repay

Feb
25
MCUA Comments on CFPB Proposal on Ability to Repay

The Consumer Financial Protection Bureau (CFPB) has already adopted a final rule to implement the ability to repay provisions regarding closed-end mortgage loans under the Dodd-Frank Act. The rule takes effect January 10, 2014. However, the agency is also seeking comments, through today, February 25, on a proposal that would allow some creditors to have more flexibility in complying with the rule.

Posted By Sharon Bahr read more

MCUA Files Comment Letter on CFPB Trial Disclosure Programs

Feb
19
MCUA Files Comment Letter on CFPB Trial Disclosure Programs

On February 15, 2013, the Missouri Credit Union Association (MCUA) filed a Comment Letter with the Consumer Financial Protection Bureau (CFPB) on the agency’s proposed policy to encourage trial disclosure programs.

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U.S. Rep. Ann Wagner Meets Credit Union Leaders in Second District

Feb
04
U.S. Rep. Ann Wagner Meets Credit Union Leaders in Second District

 

 

 

 

 

 

Just four weeks after being officially sworn into office, Congresswoman Ann Wagner (R-District 2) met with credit union representatives from her district.  Fifteen credit union leaders met with Wagner at First Community Credit Union in Chesterfield on January 31.

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CFPB Officially Delays International Remittance Regulation

Jan
25
CFPB Officially Delays International Remittance Regulation

This week the Consumer Financial Protection Bureau (CFPB) officially announced in a blog post that it is delaying the effective date of its international remittance transfer rule that was set to go into effect on February 7, 2013.  The new effective date will be announced “later this year” and th

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FFEIC Releases Social Media Guidance & Requests Comments

Jan
25
FFEIC Releases Social Media Guidance & Requests Comments

The Federal Financial Institutions Examination Council (FFIEC) released proposed guidance entitled Social Media: Consumer Compliance Risk Management Guidance.

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ATM Disclosure Bill Signed by the President

Dec
21
ATM Disclosure Bill Signed by the President

The ATM disclosure bill, H.R. 4367, was signed into law by President Obama on Thursday, December 20.  The bill eliminates the requirement that ATMs display duplicative signs disclosing fees, a requirement that has created legal and financial issues for some credit unions and other financial institutions.  The bill preserves consumer notification of fees through an on-screen notice.

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MCUA Urges FHFA to Ensure Credit Unions Have Access to Secondary Mortgage Market

Dec
10
MCUA Urges FHFA to Ensure Credit Unions Have Access to Secondary Mortgage Market

On December 3, the Missouri Credit Union Association (MCUA) filed a comment letter with the Federal Housing Finance Agency (FHFA) regarding an agency white paper entitled “Building a New Infrastructure for the Secondary Mortgage Market.”  As the FHFA moves forw

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MCUA Opposes FHFA's Proposed Adjustment to G-Fees

Dec
03
MCUA Opposes FHFA's Proposed Adjustment to G-Fees

The Missouri Credit Union Association (MCUA) filed a comment letter with the Federal Housing Finance Agency (FHFA) in response to its proposal to adjust the guarantee fees (g-fees) that Fannie Mae and Freddie Mac (the GSEs) charge for single-family mortgages in certain

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Upcoming Comment Letters to NCUA

Nov
26
Upcoming Comment Letters to NCUA

The Missouri Credit Union Association (MCUA) continues to press the National Credit Union Administration (NCUA) to provide additional regulatory relief for credit unions, so that credit unions can devote more resources to serving their members.  In that connection, here is a brief summary of upcoming comment letters:

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MCUA Comments on Size Definitions

Nov
21
MCUA Comments on Size Definitions

Missouri Credit Union Association (MCUA) submitted two comment letters to the National Credit Union Administration (NCUA) and the Small Business Administration (SBA) regarding "small entity" and "small business" size definitions. 

Posted By Sharon Bahr read more

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