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October 21, 2014

NEW: Fed. regulators approve final QRM rule

Washington
WASHINGTON (10/21/14 Updated 12:05 p.m.)--Federal regulators have approved a final qualified residential mortgage (QRM) rule, which requires investment banks to hold at least 5% of a loan's risk on their books when securitizing loans unless the loans meet the definition of a QRM. ReadMore

Crapo: Bold reg. reforms could help small FIs survive

Washington
Small financial institutions are disappearing from America's financial landscape due to "an ever-increasing regulatory burden," says Sen. Mike Crapo (R-Idaho). Crapo calls for "a frank discussion about what regulatory burdens mean for financial institutions and the communities they serve." ReadMore

FIs can post privacy notices online under new CFPB rule

Washington
A rule allowing financial institutions that meet certain requirements to post annual privacy notices online has been finalized by the Consumer Financial Protection Bureau. ReadMore

CUNA Attorneys Conference: Where CUs stand on data breaches, RBC, legal cases

Washington
Speaking to a packed house, CUNA Executive Vice President and General Counsel Eric Richard opened CUNA's Attorneys Conference with a update on some of the most pressing regulatory issues facing credit unions. ReadMore

Candidates in Calif., Fla. get strong CU backing

Washington
Credit union-friendly candidates in tight races in California and Florida are the latest to receive CUNA support this election season. ReadMore
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