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Federal Reserve Board Seeks Debit Card Interchange Data

Sep
05
Federal Reserve Board Seeks Debit Card Interchange Data

The Federal Reserve Board is conducting a new data collection effort involving a random sample of 1,000 depository institutions that are exempt from the Board's interchange fee standards under Regulation E, Electronic Fund Transfers Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Posted By Halley Hayden read more

Credit Unions Hear from CFPB Director

Sep
04
Credit Unions Hear from CFPB Director

Credit union representatives took part in a conference call with CFPB Director Richard Cordray to ask questions and raise concerns about recent regulations. The call lasted an hour and a range of issues was discussed including the mortgage-related proposals and international remittances.

Posted By Halley Hayden read more

Missouri Credit Unions Urged to Weigh In on Overdraft Protection

May
11
Missouri Credit Unions Urged to Weigh In on Overdraft Protection

Missouri Credit Unions Urged to Weigh In on Overdraft Protection
Survey Responses Due May 25

The overdraft protection issue is being raised again – both by Congress and by the Consumer Financial Protection Bureau (CFPB).  Credit unions nationwide are asked to take part in a national survey to address these concerns.

Posted By Amy McLard read more

CFPB Extends Overdraft Comment Period

Apr
26
CFPB Extends Overdraft Comment Period

 

Credit unions have additional time to weigh in on the impacts of overdraft programs on consumers. The Consumer Financial Protection Bureau (CFPB) is extending the Overdraft Notice comment period until June 29. The original deadline was April 30.

Posted By Halley Hayden read more

Overdraft Survey Extended: May 25

Apr
24
Overdraft Survey Extended: May 25

In response to the Consumer Financial Protection Bureau's (CFPB) request for input on Overdraft Protection & Overdraft Privilege Programs, CUNA has developed a survey to gather input from credit unions.
The CFPB’s inquiry is focused on four main areas:

(1) Transaction Re-Ordering that Increases Consumer Costs,

(2) Missing or Confusing Information,

Posted By Halley Hayden read more
Posted By Halley Hayden read more

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