User login

new

GAO Study on SCRA Compliance

Jul
25

On July 17, 2012, the Government Accountability Office (GAO) published a report entitled "Mortgage Foreclosures:  Regulatory Oversight of Compliance with S

Posted By Sharon Bahr read more

NCUA Offers MFOEL Clarification

Jul
23

The National Credit Union Administration (NCUA) issued a Letter to Federal Credit Unions (12-FCU-02) on July 20 to provide guidance and best practices on multi-featured open-end lending (MFOEL) plans and Multi-Featured Lending (MFL) plans.

Posted By Halley Hayden read more

CFPB Posts Its Semi-Annual Regulatory Agenda

Jul
23

Early during the week of July 16, 2012, the Consumer Financial Protection Bureau (CFPB) posted its semi-annual update of its rulemaking agenda.  The last one that was published was the Fall 2011 agenda, which was made public in January.

Posted By Sharon Bahr read more

CUNA Urges NCUA to Exercise Restraint at July Meeting

Jul
23

Credit Union National Association (CUNA) has reinforced its strongest support for the National Credit Union Administration's (NCUA) delay of the Credit Union Service Organization (CUSO) and loan participation proposals, and appreciate that these items are not on the July 24, 2012 Board Meeting agenda. CUNA will continue advocating that the agency abandon these proposals.

Posted By Sharon Bahr read more

CFPB Proposes New RESPA/TILA Rule and Disclosure

Jul
19

The Consumer Financial Protection Bureau (CFPB) on July 9, 2012 issued its much anticipated proposed rule and forms to combine certain disclosures required under the Real Estate Settlement Procedures Act (RESPA) with disclosures required under the Truth in Lending Act (TILA), as required by the Dodd-Frank Act.  The proposal also addresses new disclosure requirements required by the D

Posted By Sharon Bahr read more

Credit Unions to Meet with Missouri Governor Jay Nixon on July 24

Jul
18

Missouri Governor Jay Nixon (D) will meet in-person with credit union leaders from across the state on July 24.  Credit union management and board members are invited to participate in the meeting with Governor Nixon.  Here are the details:

Posted By Amy McLard read more

NCUA Holds a Listening Session in San Diego

Jul
18

The week of July 9, National Credit Union Administration (NCUA) Chairman Debbie Matz and staff held a listening session in San Diego to provide credit union officials in the region an opportunity to communicate their concerns to the agency.  She was accompanied by NCUA Executive Director Dave Marquis, Director of Examination and Insurance Larry Fazio, Region II Director Jane Walters

Posted By Sharon Bahr read more

CFTC Excludes CUs and Banks <$10 Billion from Swap-Clearing Requirements

Jul
17

On July 10, the Commodity Futures Trading Commission (CFTC), the primary federal regulator of derivatives, adopted a final rule to provide an exception for banks and credit unions with $10 billion or less in assets from swap-clearing requirements mandated by the Dodd-Frank Act.  While few credit unions currently participate in swaps, the rule could have affected National Credit Union Administration's (NCUA) efforts to consider hedging for interest rate risk mitigation.

Posted By Sharon Bahr read more

Cosponsors Grow After Missouri Credit Unions Hike the Hill

Jul
16

Cosponsors Grow After Missouri Credit Unions Hike the Hill

Missouri cosponsors to key bills affecting credit unions grew after Missouri credit union representatives make visits to Capitol Hill.  Lawmakers added their names to several bills impacting credit unions.

Posted By Amy McLard read more

CFPB Issues a Proposal to Implement Recent Changes to HOEPA

Jul
16

During the week of July 9, the Consumer Financial Protection Bureau (CFPB) released a proposed rule to amend Regulation Z and Regulation X to implement the Dodd-Frank Act's amendments to TILA and RESPA regarding high-cost mortgage loans.  The Dodd-Frank Act am

Posted By Sharon Bahr read more

Pages

Subscribe to RSS - new