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CUNA Advocacy report

CFPB News and Updates - 11/5/2012

Nov
05

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

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NCUA Board Issues Its 2013 Meeting Schedule

Nov
05

The National Credit Union Administration (NCUA) Board has scheduled its monthly meetings for the following dates in 2013. No meeting is scheduled for August; the meetings usually begin at 9 a.m.

  • Jan. 10
  • Feb. 21
  • March 14
  • April 18
  • May 16
  • June 20
  • July 25
  • Sept. 12
  • Oct. 24
  • Nov. 21
  • Dec. 12

 

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NCUA Issues letter to CUs on New Reporting Requirements

Oct
29

The National Credit Union Administration (NCUA) issued a letter to credit unions in advance of changes to the 5300 Call Report to replace existing reporting requirements on loan modifications with information on troubled debt restructurings (TDRs) specifically.  Revisions to the Call Report are necessary to implement requirements included in the Board’s May 2012

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CUNA & Financial Trade Groups Meet with FRB on Debit Interchange

Oct
29

On October 24, 2012, representatives from the Credit Union National Association (CUNA) and other financial trade associations met with Louise Roseman, Director of the Reserve Bank Operations and Payments Systems Division at the Federal Reserve Board (Board), to advocate that the debit interchange fee caps should include certain additional costs incurred by issuers, as detailed in a

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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.

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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:

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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.

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CFPB News and Updates - 12/11/12

Oct
24

CFPB Update on Fair Lending

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Fed Evaluates CFPB's Consumer Response Unit

Oct
16

The Federal Reserve Board’s Office of the Inspector General (OIG) recently released its Evaluation of the CFPB’s Consumer Response Unit.

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CFPB Updates Its Consumer Complaint Database

Oct
15

The Consumer Financial Protection Bureau (CFPB) published new information on its blog regarding the consumer complaint database.  The latest snapshot of complaints received, details complaints from July 21, 2011 through September 30, 2012 on credit card issues.  During this time frame, the CFPB received approximately 79,20

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