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CFPB Proposal to Amend Regulations X and Z

Sep
10
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

Posted By abucaida@mcua.org read more

Pew Report on General Purpose Reloadable Prepaid Cards

Sep
10
Pew Report on General Purpose Reloadable Prepaid Cards

On Wednesday, the Pew Charitable Trusts released a report on general purpose reloadable (GPR) prepaid cards. The Pew report focused on GPR prepaid cards that can be used to make purchases, withdraw money from ATMs, and pay bills for consumers. Pew recommends that the CFPB adopt additional regulatory requirements on GPR prepaid cards.

Posted By abucaida@mcua.org read more

Springfield Meeting with U.S. Rep. Billy Long

Sep
10
Springfield Meeting with U.S. Rep. Billy Long

Springfield Meeting with U.S. Rep. Billy Long

As part of the statewide effort to meet with federal lawmakers at home during the Congressional recess period, Springfield credit union leaders met with U.S. Rep. Billy Long (R-District 7) in his Springfield office on September 5.

Posted By Amy McLard read more

Missouri Credit Unions Asked to Respond to CFPB International Remittance Transfer Rule

Aug
31
Missouri Credit Unions Asked to Respond to CFPB International Remittance Transfer Rule

Missouri Credit Unions Asked to Respond to CFPB International Remittance Transfer Rule

Missouri credit unions have an opportunity to weigh in on the Consumer Financial Protection Bureau’s (CFPB) final rule on international remittance transfers.  CFPB Director Richard Cordray has asked the Credit Union National Association (CUNA) to assemble a working group that will meet with him in-person to discuss the rule and its impact on credit unions. 

Posted By Amy McLard read more

Missouri CDFI Efforts Shared with U.S. Rep. Emerson

Aug
31
Missouri CDFI Efforts Shared with U.S. Rep. Emerson

Missouri CDFI Efforts Shared with U.S. Rep. Emerson

The latest efforts by Missouri credit unions to obtain Community Development Financial Institutions (CDFI) certification are welcome news for U.S. Rep. Jo Ann Emerson (R-District 8).   

Posted By Amy McLard read more

Kansas City Credit Unions Share Federal Legislative Concerns

Aug
27
Kansas City Credit Unions Share Federal Legislative Concerns

Kansas City Credit Unions Share Federal Legislative Concerns
Upcoming Meeting Opportunities Statewide

Representatives from credit unions in the Kansas City region shared key federal concerns with U.S. Rep. Sam Graves’ (R-District 6) staff during an in-district meeting.  Melissa Roe, Deputy Chief of Staff for Congressman Graves, met with eleven leaders from six credit union organizations at CommunityAmerica Credit Union on August 24.

Posted By Amy McLard read more

CFBP Rulemaking Chart Available

Aug
27
CFBP Rulemaking Chart Available

Credit union representatives now have access to a chart  that highlights various rulemaking projects that are being undertaken by the Consumer Financial Protection Bureau (CFPB). The projects are required by the Dodd-Frank Act. The chart covers topics like Reg Z, Appraisals, Reg B and more. 

A CUNA username and password is required to access the chart. 

Posted By Sharon Bahr read more

Comment Letter Seeks FDIC Clarification

Aug
27
Comment Letter Seeks FDIC Clarification

The Credit Union National Association (CUNA) is seeking clarification in a comment letter to the Federal Deposit Insurance Corporation (FDIC) that credit unions should not be covered under a new proposal the FDIC has issued regarding liquidation authority over entities engaging in financial activities.  The proposal was developed under Title II of the Dodd-Frank Act.  In the comment letter, CUNA emphasizes that credit unions should not be considered entities subject to the proposed definition of “predominantl

Posted By Sharon Bahr read more

FASB Issues Proposed Standard on Disclosures

Aug
27
FASB Issues Proposed Standard on Disclosures

The Financial Accounting Standards Board (FASB) has issued a proposed standard that is intended to help financial statement users better understand organizations’ exposure to liquidity risk and interest rate risk.

Posted By Sharon Bahr read more

CFPB's TILA/RESPA Proposed Rule

Aug
27
CFPB's TILA/RESPA Proposed Rule

The Consumer Financial Protection Bureau (CFPB) has issued its proposed rule to formally combine certain disclosures required under both the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA), as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act.  

Posted By Sharon Bahr read more

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