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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

Credit Unions Invited to Participate in Freshman Legislative Dinner

Nov
20
Credit Unions Invited to Participate in Freshman Legislative Dinner

The Missouri Credit Union Association has been successful in getting  a slot in the schedule as part of the orientation for new legislators in the Missouri General Assembly.  Credit union representatives from across the state are urged to take part in the event and greet these new lawmakers.  There will be approximately 80 legislators attending including freshmen lawmakers for 2013 and sophomores (legislators serving their second term). 

Here are the details:

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CFPB Launches Project Catalyst

Nov
20
CFPB Launches Project Catalyst

The Consumer Financial Protection Bureau (CFPB) has announced the launch of Project Catalyst this week, an initiative that will obtain data on consumer behaviors and trends.

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CFPB Delays Some Effective Dates

Nov
19
CFPB Delays Some Effective Dates

The Consumer Financial Protection Bureau (CFPB)  is extending the effective date of several mortgage disclosures required by the Dodd-Frank Act that have to be included in the new TILA-RESPA forms.  These new forms are expected to be finalized by early spring.  The CFPB announced the delay on November 16. 

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Foreclosure Mediation Ordinance Takes Effect in St. Louis County

Nov
16
Foreclosure Mediation Ordinance Takes Effect in       St. Louis County

A new ordinance requiring financial institutions to participate in a mediation process before proceeding with residential real estate foreclosure actions is now in effect in St. Louis County.   A temporary restraining order (TRO) delayed implementation of the ordinance, but it was lifted on November 14.  The judge ruled that the county had the authority to enact the ordinance.

The restraining order was issued at the request of the Missouri Bankers Association (MBA).  The MBA plans to appeal this ruling, and additional pleadings are already filed in the case.

Posted By Amy McLard read more

FFIEC Supervision of Technology Service Providers

Nov
16
FFIEC Supervision of Technology Service Providers

The Federal Financial Institutions Examination Council (FFIEC) has recently released a revised Supervision of Technology Service Providers booklet, which is part of the FFIEC Information Technology Examination Handbook.  The updated booklet provides guidance for examiners and financial institutions regarding the supervision of technology service providers.  Also, the Federal Reserve Board, FDIC, and OCC released related administrative guidelines on their

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FHFA Fee Input Needed

Nov
16
FHFA Fee Input Needed

FHFA Proposes Adjustment to State-Level Guarantee Fee Pricing

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MCUA Urges Changes to CFPB's TILA-RESPA Rule

Nov
15
MCUA Urges Changes to CFPB's TILA-RESPA Rule

On November 6, 2012, the Missouri Credit Union Association (MCUA) filed a comment letter with the Consumer Financial Protection Bureau (CFPB) on the agency’s proposed rule to amend Regulation Z, Truth in Lending Act (TILA), and Regulation X, the Real Estate Se

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MCUA Offers Suggestions on CFPB's HOEPA Proposal

Nov
15
MCUA Offers Suggestions on CFPB's HOEPA Proposal

comment letter filed by the Missouri Credit Union Association (MCUA) with the Consumer Financial Protection Bureau (CFPB) addressed its proposed rule to amend Regulation Z to reflect changes to the Home Ownership Equity Protection Act (HOEPA) made under the Dodd-Frank Act.

Posted By Sharon Bahr read more

Comments Filed on CFPB's Finance Charge Proposal

Nov
15
Comments Filed on CFPB's Finance Charge Proposal

On November 6, 2012, the Missouri Credit Union Association (MCUA) filed a comment letter with the Consumer Financial Protection Bureau (CFPB).

Posted By Sharon Bahr read more

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