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CFPB Updates - 1/14/2013

Jan
14
CFPB Updates - 1/14/2013

CFPB Issues New Final Mortgage Rule & Associated Proposal

Posted By Sharon Bahr read more

CFPB Issues Qualified Mortgage Standards

Jan
11
CFPB Issues Qualified Mortgage Standards

The Consumer Financial Protection Bureau (CFPB) has finalized the qualified mortgages (QM) regulations, also known as the "ability-to-repay" mortgage rule. The rules are posted to the bureau's website and now may be considered "issued."

Posted By Halley Hayden read more

Share Missouri Concerns in National Examination Survey: January 15 Deadline

Jan
09
Share Missouri Concerns in National Examination Survey:  January 15 Deadline

Credit unions in Missouri are encouraged to take part in the Credit Union National Association’s (CUNA) examination survey.  The survey deadline is January 15.  The purpose of the survey is to give credit unions the opportunity to share their experiences with on-site regulatory exams and their level of satisfaction with the National Credit Union Administration (NCUA) and state regulator performance, as well as the results of the exams.  The survey also gives credit unions a chance to describe the strengths and weaknesses of their state and federal examination

Posted By Amy McLard read more

Credit Union Champions Sworn In

Jan
08
Credit Union Champions Sworn In

Credit union representatives from Missouri were in Washington, D.C.  as Credit Union Champion Ann Wagner (R-District 2) was sworn in for her first term as a member of the U.S. Congress on January 3.  Wagner joins fellow Credit Union Champion, U.S. Rep. William Lacy Clay (D-District 1), on the Missouri delegation, which was reduced by redistricting to eight U.S.

Posted By Amy McLard read more

CFPB Updates - 1/4/2013

Jan
07
CFPB Updates - 1/4/2013

New Comment Call on CFPB Trial Disclosure Policy

Posted By Sharon Bahr read more

FHFA Reports Delinquency Decline for Some Loans Backed by Fannie Mae and Freddie Mac

Jan
07
FHFA Reports Delinquency Decline for Some Loans Backed by Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) reported in its third quarter 2012 Foreclosure Prevention Report that the number of loans backed by Fannie Mae and Freddie Mac in serious delinquency (loans delinquent for 90 or more days) has dropped below 1 million for the first time since the summer of 2009.  Loans delinquent by 60-plus days also declined; however,

Posted By Sharon Bahr read more

FDIC Report on Mobile Payment Risks

Jan
07
FDIC Report on Mobile Payment Risks

In December, the Federal Deposit Insurance Corporation (FDIC) released a report regarding mobile payment risks in its Supervisory Highlights (Winter 2012 Edition).  The report discusses the current mobile payments landscape, mobile payment risks, and the existing legal and regulatory framework.  Financial institutions and th

Posted By Sharon Bahr read more

Make Plans to Attend GAC in DC: Missouri Room Block Available Through January 18

Jan
03
Make Plans to Attend GAC in DC: Missouri Room Block Available Through January 18

2013 is anticipated to be an important year for legislative action that will impact credit unions and their members.  Make sure credit unions’ voices are heard.  The Credit Union National Association’s (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C. takes place February 24 – 28, 2013.

Posted By Sharon Bahr read more

Appeals Court Reverses Part of Bank Overdraft Fee Decision

Dec
31
Appeals Court Reverses Part of Bank Overdraft Fee Decision

The U.S. Court of Appeals for the Ninth Circuit has reversed in part the lower district court’s order that would require Wells Fargo Bank to cease charging overdraft fees based on the high-to-low posting order for all debit-card transactions.

Posted By Sharon Bahr read more

CFPB Upcoming Mortgage Regulations

Dec
31
CFPB Upcoming Mortgage Regulations

Over both 2011 and 2012, the Federal Reserve Board (Fed) and the Consumer Financial Protection Bureau (CFPB) have proposed many regulations covering the mortgage industry, but none have yet been finalized.

Posted By Sharon Bahr read more

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