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October 21, 2014

NEW: Fed. regulators approve final QRM rule

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

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

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

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

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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