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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
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ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

December 23, 2014

NEW: NCUA sues Wells Fargo as trustee of mortgage-backed securities

Washington
ALEXANDRIA, Va. (12/23/14, UPDATED 12:30 p.m. ET)--The National Credit Union Administration has filed a lawsuit suit in federal court against Wells Fargo Bank National Association, alleging the bank has failed to fulfill its duties as trustee for 27 residential mortgage-backed securities trusts. ReadMore

CUs should be exempt from MLA proposal, says CUNA

Washington
A revamped Military Lending Act could negatively affect the delivery of high-quality, reasonably priced financial products to servicemembers, reads a joint letter from numerous credit union stakeholders, including CUNA. ReadMore

IOLTAs now fully insured by NCUA, Matz announces

Washington
The federal credit union regulator has met President Barack Obama's signature of the Credit Union Share Insurance Fund Parity Act with encouragement, declaring that lawyers' trust accounts at federally insured credit unions are now insured to the limit by the Share Insurance Fund. ReadMore

Senators urge HUD's Castro to lower FHA loan fees

Washington
Eighteen senators have written to U.S. Department of Housing and Urban Development Secretary Julian Castro asking for lower fees on Federal Housing Administration loans. ReadMore

3.3M total foreclosure preventions completed since 2008: FHFA

Washington
Approximately 72,700 foreclosure prevention actions were taken by Fannie Mae and Freddie Mac in the third quarter, according to the Federal Housing Finance Agency's quarterly report. ReadMore

CFPB files consent order for servicemember debt abuse

Washington
Three companies have been accused of using illegal debt collection practices against American servicemembers and are the subject of an enforcement action from the Consumer Financial Protection Bureau. ReadMore

Inside Washington (12/23/14)

Washington

WASHINGTON (12/23/14)--Federal regulatory agencies have announced annual adjustments to the thresholds used to define certain institution sizes under Community Reinvestment Act regulations. "Small bank" or "small savings association" means an institution that, as of Dec. 31 of either of the prior two calendar

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CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
1 Day ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
16 hours ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
17 hours ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
17 hours ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
18 hours ago