Articles Tagged with ''Credit Union National Association''

Credit unions sue Equifax over massive data breach

Want to recover anticipated costs of breach
The number of battlefronts where Equifax will be forced to fight back in the wake of its massive data breach just grew, again. Now, the Credit Union National Association, a trade group that represents credit unions, is joining Massachusetts, San Francisco and Chicago in suing Equifax, on behalf of its members.
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Dear CFPB, here's the reality of how regulations impact credit unions

CUNA: Regulatory burdens caused $6.1 billion in regulatory costs
Putting an end to remarks from the Consumer Financial Protection Bureau that its regulations are helping credit unions, the Credit Union National Association published a detailed report that outlines exactly how the new rules have suffocated growth. CFPB Director Richard Cordray has commonly gone on record to denounce doomsayers who say that new regulations are killing credit unions. To CUNA, this letter should serve as a clear example that the CFPB is wrong.
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Monday Morning Cup of Coffee: Industry trade groups tell Senate how to fix financial regulations

MBA, CUNA weigh in on regulatory reforms
The main front for the Republican Party’s push for regulatory reform is in the House of Representatives, where an effort is underway to replace the Dodd-Frank Wall Street Reform Act with the Financial CHOICE Act. But the House isn’t the only place where regulatory reform is on the table. Here's a look at what some of the mortgage industry's biggest trade groups want the Senate to do about regulatory reform. All that, and more, in your Monday Morning Cup of Coffee.
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Housing industry's biggest trade groups push FHA to reconsider PACE rules

Concerned about energy improvement loans being given super priority status
Last month, the Department of Housing and Urban Development and the Federal Housing Administration announced that the FHA will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage. But the fine print of the new rules has the housing industry's largest trade groups concerned.
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CFPB to financial industry: Wake up and smell the coffee, we are not your enemy

Director Cordray calls out lawyers and consultants for breeding 'culture of fear'
Despite how it may be perceived, the Consumer Financial Protection Bureau doesn’t view itself as an "enemy" of the financial industry, nor does it want the industry to view it in that way. Rather, the CFPB wants the financial industry to think of it as "an important new friend and ally" in helping to serve the financial needs of the public, CFPB Director Richard Cordray said.
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Here’s what is happening at the CUNA conference

And the status of RBC2
The Credit Union National Association and the World Council of Credit Unions kicked off America’s Credit Union Conference and the World Credit Union Conference, which the two entities are co-hosting in Denver. These tweets give an inside look at what’s happening.
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