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CFPB Finalizes Rule on Defining Larger Participants of the Consumer Debt Collection Market

Oct
29

On October 24, 2012, the Consumer Financial Protection Bureau (CFPB) issued a final rule that will allow it to supervise the larger consumer debt collectors for the first time.

Posted By Sharon Bahr read more

Bankers Target MBL Again in Senate

Oct
25

Credit unions are in the final push to pass member business lending legislation in the U.S. Senate and House, and bankers are again targeting U.S. Senate offices to oppose the measure.  U.S. Senate bill S. 2231, the Credit Union Small Business Jobs Bill and U.S. House bill H.R. 1418, the Small Business Lending Enhancement Act, would raise the credit union member business lending limit from 12.25% to 27.5% of assets. 

Posted By Amy McLard read more

Financial Literacy & Education Commission Holds Quarterly Meeting

Oct
24

On October 18, 2012, the Financial Literacy and Education Commission (FLEC) held its quarterly meeting; FLEC is comprised of the heads of 20 federal agencies, including NCUA and the other financial regulators. Consumer Financial Protection Bureau (CFPB) Director Corday made several remarks regarding financial literacy and the CFPB’s role and responsibilities in addressing the issue. Director Cordray noted that the CFPB is focusing its efforts in the following three areas:

Posted By Sharon Bahr read more

CUNA Seeks Comments on NCUA's "Small Entity" Proposal

Oct
24

The Credit Union National Association (CUNA) continues to seek comments on the National Credit Union Administration's (NCUA) “small entity” proposal, and has also requested a 30-day extension of the comment period so that credit unions can provide more complete feedback and information.  NCUA’s proposal would amend the agency’s definition of a "small entity," by increasing the asset threshold from $10 million to $30 million.

Posted By Sharon Bahr read more

CFPB News and Updates - 12/11/12

Oct
24

CFPB Update on Fair Lending

Posted By Sharon Bahr read more

GAC 2013: Missouri Hotel Block Information

Oct
22

Missouri credit union leaders will head to Washington, D.C.

Posted By Amy McLard read more

National Hike the Hill Focus on MBL: Missouri Attendees Needed November 27-28

Oct
22

In Missouri and across the country, credit unions are focusing on the final push to pass member business lending (MBL) legislation.  Time is running out and all efforts are needed.  If member business lending is not passed by the end of the year, MBL will have to be reintroduced when the new Congress takes office and the process must start all over again. 

Posted By Amy McLard read more

Help Credit Union Friends with ‘Get Out the Vote!' Volunteer Efforts

Oct
22

Missouri credit union members have opportunities to assist credit union friends and champions with 'Get Out the Vote' (GOTV) efforts.  The general election takes place on Tuesday, November 6, and there are plenty of options to provide assistance to campaigns in the final days before people head to the polls.  Information is posted by candidate below. 

Your effort could make all the difference on November 6.

Posted By dkent read more

CFPB News and Updates

Oct
22

The following articles cover recent news and updates regarding the Consumer Financial Protection Bureau (CFPB). 

Posted By Halley Hayden read more

NCUA Board Meeting Summary

Oct
19

The National Credit Union Administration (NCUA) Board met briefly on October 18, 2012,  to issue a proposal to extend the period that eligible credit unions have to accept the low-income designation, receive a report on the National Credit Union Share Insurance and Corporate Credit Union Stabilization Funds, and approve a community charter conversion.  Below is  the summary with a few more details of the meeting.

Posted By Sharon Bahr read more

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