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July 30, 2014

House panel members pledge to work for CU parity, also pass reg. relief bill

The House Financial Services Committee examined a number of regulatory relief bills Tuesday, and of the three supported by CUNA, one was passed and the other two will go to a recorded vote this morning. ReadMore

CUNA to NCUA: Reg reduction for CUs is urgent

Significant reduction in credit unions' regulatory requirements is urgently needed, CUNA interim President/CEO Bill Hampel said in a letter to National Credit Union Administration Chair Debbie Matz yesterday in advance of the agency's board meeting Thursday. ReadMore

Information is key to disclosure integration, CUNA tells CFPB

In a stakeholders' check-in meeting on a rule to integrate separate mortgage disclosures rules into a single, more consumer-friendly document, CUNA urged the Consumer Financial Protection Bureau to consider three things with respect to its regulatory implementation. ReadMore

Fannie, Freddie G-fee comment deadline pushed back to Sept. 8

September 8 is the new deadline for comments on the Federal Housing Finance Agency's proposed increases to guarantee fees that Fannie Mae and Freddie Mac charge lenders. ReadMore

Colfax Capital Corp. required to give $92M in debt relief

The Consumer Financial Protection Bureau and attorneys general from 13 states have obtained approximately $92 million in debt relief on behalf of 17,000 consumers harmed by predatory lenders. ReadMore

Julian Castro sworn in as 16th HUD secretary

Julian Castro was sworn in as the 16th secretary of the U.S. Department of Housing and Urban development Monday. ReadMore
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Now up on News Now: Fed stays course on taper, interest rates
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Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update.
4 hours ago
The @CFPB has launched a nationwide effort to provide financial education.
4 hours ago
See @CUNA's @SchenkMike on TheStreet discussing a new surge consumer confidence
5 hours ago
.@CFPB pushes back cmmt deadline on proposal to allow consumer narratives in complaints database--now 9/22, was 8/22.
5 hours ago