Items Tagged with 'National Association of Federally-Insured Credit Unions'

ARTICLES

  • NAFCU to CFPB: It's time to roll back regulations with Cordray's departure

    Outlines nine areas where credit unions are looking for relief
    With the future of the CFPB up in the air now that Director Richard Cordray will step down by the end of the month, the National Association of Federally-Insured Credit Unions took the opportunity to reiterate a message the group has long stressed: Credit unions are over-regulated. NAFCU outlined nine areas in which the bureau could improve its operations and provide some relief to credit unions.
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  • NAFCU supports CFPB TRID proposal to fix "black hole"

    Comment period closed Monday
    The Consumer Financial Protection Bureau shut the door on the comment period for its proposal to amend part of the TILA-RESPA Integrated Disclosure rule involving changes to the Closing Disclosure form. The bureau’s proposed amendments sought to resolve the "black hole" issue under TRID, an issue NAFCU strongly supports.
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  • NAFCU: The credit union perspective on housing finance reform

    Core housing finance reform principles to ensure safety for credit unions
    As talks surrounding housing finance reform persist, the National Association of Federally-Insured Credit Unions published its own thoughts on the matter to ensure the safety of the credit union system in whatever reform is ultimately implemented. While the paper is not an official proposal for GSE reform, it suggests that whatever reform is adopted must include these core principles.
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  • Experts weigh in: Positive jobs report fails to fix what’s wrong with housing

    Expect Fed to raise rates in June
    Economists agree that the April jobs report proved the economy is moving along at a healthy pace despite the disappointing job numbers in March. But when it comes to the housing market specifically, this positive report does little to help the factors that are really blocking growth in the industry. Here, top housing economists explain what the news means for the bottom line in housing.
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  • NAFCU reiterates calls to Congress to lighten regulatory burdens for credit unions

    Dodd-Frank pushing credit unions out of market
    Credit unions have focused a lot of their efforts after the financial crisis fighting to make sure they aren’t suffocated by regulation put in place to fix problems they didn’t participate in. National Association of Federally-Insured Credit Unions President and CEO Dan Berger wrote a letter to the Senate Banking Committee, highlighting the economic benefits that credit union regulatory relief would create.
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  • NAFCU to CFPB: Pull credit unions out from under your authority

    Credit unions continue cry for regulatory relief
    Credit unions got looped in with the rest of the industry after the financial crisis, falling under the new industry watchdog dubbed the Consumer Financial Protection Bureau to ensure such extreme lending would never happen again. The only problem is that credit unions believe they never contributed to the crisis.
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