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CFPB Proposal to Amend Regulations X and Z


Another comment letter was filed by the Missouri Credit Union Association (MCUA) and Credit Union National Association (CUNA) last week, this one with the CFPB in response to its proposed rule to amend Regulations X and Z to implement change

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CFPB Extends Comment Dates for “Finance Charge” And HOEPA Proposed Changes


The Consumer Financial Protection Bureau (CFPB) has delayed the comment deadline from September 7 to November 6 for two important proposals, one on the definition of “finance charge” under the “Know Before You Owe” combined Truth-in-Lending and Real Estate Settlement Procedure Act forms proposal, and the other to implement changes to Regulation Z under the Home Ownership and Equity Protection Act (HOEPA) as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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CUNA Comment Letters


CUNA Comments on CFPB Proposal re Disclosure of Consumer Complaint Data

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CFPB Request for Information on Reverse Mortgages and Report to Congress


On June 28, the Consumer Financial Protection Bureau (CFPB) issued a request for information on reverse mortgages.  The agency also released a report to Congress regarding its research on reverse mortgages, as required by the Dodd-Frank Act.  The CFPB has rulemaking authority to implement federal consumer financial laws, including the Truth in Lending Act

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NCUA Board Addresses Dodd-Frank Act and More


The National Credit Union Administration (NCUA) Board met briefly on March 15 to address the agency’s plan to implement requirements under the Dodd-Frank Act and a presidential order to federal agencies regarding diversity within NCUA’s workforce, an update on the National Credit Union Share Insurance Fund and a final rule that made some very minor changes to three NCUA rules.

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Credit Unions Voice Concern Regarding Pending Reg CC Rules


Another in a series of crucial changes authorized by the Dodd-Frank Act became effective July 21, 2011, this one requiring financial services organizations (FSOs) to begin making $200 available for withdrawal on the business day following the banking day of deposit.

More changes are coming. Many more. Last March, the Federal Reserve issued a lengthy list of proposed changes to Federal Reserve Regulation CC (Reg CC), although those stipulations are independent of the Dodd-Frank provisions.

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CFPB Request for Comment on Private Student Lending



The Consumer Financial Protection Bureau (CFPB) has issued a notice and request for comment regarding private student loans made by credit unions and other not-for- profit and for-profit student lenders. CFPB is requesting this information in order to prepare a report to Congress

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