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NCUA Inspector General Reports

Jul
15

During the week of July2, an analysis from Bill Hampel of the 2011 financial statement of the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) was posted.

Posted By Sharon Bahr read more

People's United Bank Lawsuit and "Commercially Reasonable" Online Security

Jul
14

From time to time Credit Union National Association (CUNA) will post information on lawsuits that indicate legal trends or that result in an opinion of interest to credit unions.

Posted By Sharon Bahr read more

RESPA/TILA Know Before You Owe Project - Update

Jul
13

On July 6, the Consumer Financial Protection Bureau (CFPB) posted another blog entry giving more details on the specifics behind the entire Know Before You Owe mortgage disclosure project.  The CFPB states that “Soon, [it] will submit a Notice of Proposed Rulemaking to the Federal Register to begin the public notice–and-comment process.”  Notably, the CFPB also indicates that wh

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CFPB Issues New Mortgage-Related Proposals

Jul
13

On July 10, 2012,  the Consumer Financial Protection Bureau (CFPB) proposed easier-to-use mortgage disclosure forms that will help consumers make informed dec

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Posted By Halley Hayden read more

Upcoming CUNA Comment Letter to CFPB on Prepaid Cards

Jul
12

Credit Union National Association (CUNA) continues to seek input from credit unions on their regulatory comment call on the Consumer Financial Protection Bureau (CFPB’s) advance notice of proposed rulemaking (ANPR) regarding prepaid cards.  CUNA is also working with the CUNA Payments Policy and Consumer Prote

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Upcoming Rulemakings from the CFPB

Jul
11

Credit Union National Association's (CUNA) Regulatory Advocacy Department has developed a chart for credit unions and leagues to use which highlights various rulemaking projects that are being undertaken by the Consumer Financial Protection Bureau (CFPB), as required by the Dodd-Frank Act.  While the chart continues to evolve, the latest version outlines each of the rulemaking initia

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CFPB Requesting Additional Data on Mortgage Lending

Jul
10

The Consumer Financial Protection Bureau (CFPB) is requesting additional data on mortgage lending in conjunction with its rulemaking efforts on the ability to repay proposal.   Credit Union National Association (CUNA) requested an extension of this comment period, set to expire Monday, and they have additi

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ATM Disclosure Bill Passes U.S. House 371-0

Jul
10

ATM Disclosure Bill Passes U.S. House 371-0

The U.S. House of Representatives overwhelmingly approved the ATM disclosure bill, H.R. 4367, by a vote of 371-0 on July 9.  H.R. 4367 and its Senate counterpart, S. 3204, would eliminate the EFTA requirement for a physical ATM fee disclosure notice.  Instead, only an electronic disclosure on the screen regarding any fee that may be incurred by the ATM user would be required.

Now that the bill has passed the House, it must be voted on by the Senate to move forward.

Posted By Amy McLard read more

NCUA's 2011 Annual Report

Jul
10

The National Credit Union Administration (NCUA) released its 2011 Annual Report the week of July 2, 2012. Several issues are worthy of note:

Posted By Sharon Bahr read more

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