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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,

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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

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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.

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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.

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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.

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Small Issuer Concerns Remain Despite FTC Interchange Report

Dec
31
Small Issuer Concerns Remain Despite FTC Interchange Report

Concerns of credit unions and other small issuers of debit cards remain despite a newly released Federal Trade Commission (FTC) report claiming small issuers have been unharmed by new interchange laws. The FTC report was ordered by the U.S. Congress last year. The agency was charged with assessing the impact of the debit fee interchange cap set by the Dodd-Frank Act.

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CFPB News and Updates - 12/21/2012

Dec
26
CFPB News and Updates - 12/21/2012

Consumer Financial Protection Bureau Issues New Proposal on International Remittances

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FTC Finalizes Amendments to Children's Online Privacy Protection

Dec
21
FTC Finalizes Amendments to Children's Online Privacy Protection

Earlier this week, the Federal Trade Commission (FTC) finalized amendments to the Children’s Online Privacy Protection rule, which implements the Children’s Online Privacy Protection Act of 1998 (COPPA).  The COPPA rule provides for privacy protections and gives parents greater control over the personal information that websites and online services may collect from children under the age of 13. 

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NCUA Plans to Change Examination Notices

Dec
21
NCUA Plans to Change Examination Notices

The National Credit Union Administration (NCUA) is “making some major changes in its examination-related documents.” That is what NCUA Deputy Director of Examination and Insurance Tim Segerson told the Credit Union National Association's (CUNA) Examination and Supervision Subcommittee.  These actions are designed to “help credit unions understand why examiners do what they do, set a baseline for everyone to follow, and to help credit unions

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NCUA Making Major Changes in Examination-Related Documents

Dec
21
NCUA Making Major Changes in Examination-Related Documents

The National Credit Union Administration (NCUA) is “making some major changes in its examination-related documents.” That is what NCUA Deputy Director of Examination and Insurance Tim Segerson told Credit Union National Association's (CUNA) Examination and Supervision Subcommittee.  These actions are designed to “help credit unions understand why examiners do what they do, set a baseline for everyone to follow, and to help credit unions get

Posted By Sharon Bahr read more

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