Items Tagged with 'Credit union'


  • Credit unions ask for another year to implement HMDA changes

    NAFCU: Allow voluntary compliance period, first
    Are you prepared for most of the 2015 updates to the Home Mortgage Disclosure Act rule take effect in January 2018? If not, you might not be alone. Credit unions are asking the CFPB for more time to implement the coming rules.
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  • New York federal credit union sues Trump to block Mulvaney at CFPB

    Lawsuit claims installation of OMB Director at CFPB is “illegal”
    When Richard Cordray officially resigned as director of the CFPB last month, the agency was thrown into disarray after a fight emerged over who would replace Cordray, with Democrats on one side and Republicans on the other. Now, Democrats have what may seem like an unlikely ally in their fight over who's leading the CFPB – a financial institution that is regulated by the CFPB.
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  • 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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  • 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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  • NCUA honors Trump's order to massively roll back regulation

    Releases package of regulatory reforms
    The National Credit Union Administration revealed “its sweeping regulatory reform plan” on how it can honor President Donald Trump’s order to massively scale back government regulations. While the NCUA is not required by law to honor the order, the NCUA chose to do so.
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  • NCUA plans major restructuring, including closing two regional offices

    NCUA chairman: “The time has come for the NCUA business model to change”
    Fresh off asking the Consumer Financial Protection Bureau to give it supervisory authority over the nation’s largest credit unions, the National Credit Union Administration announced a major restructuring plan that will see the agency close two of its five regional offices and eliminate some agency offices with “overlapping” functions.
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  • Here’s a snapshot of how California credit unions performed in the mortgage market

    Post an uptick in mortgage applications
    California credit unions witnessed an uptick in mortgages over the past year, according to the latest snapshot report from the California Credit Union League. However, despite a record high in mortgage dollar amount, credit unions posted decrease in originations. Check out the full report for details.
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