cuj daily briefing lead

The 2020 legislative docket: AML reform, GSEs, Dems v. regulators

01/01/20

The window to change beneficial-ownership rules or pass other measures will be narrow, but some legislative efforts from 2019 will carry over and House Democrats will resume inquiries of certain industry CEOs and Trump-appointed regulators.

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Supreme Court battle, presidential race loom over CFPB in 2020

12/23/19

The Consumer Financial Protection Bureau faces a busy policy agenda heading into the new year, as well as strong external forces that are beyond its control.

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Will Congress do anything about credit unions buying banks?

12/22/19

The community bank lobby has said the recent deals are another reason to rein in the credit union sector. Some House members are beginning to take notice.

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Crapo delivers crushing blow to pot banking

12/18/19

The Senate Banking Committee chairman said he opposed a House bill that would give financial institutions legal cover to serve cannabis businesses.

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NCUA approves budget, delays capital plan. No one's happy.

12/12/19

The National Credit Union Administration board signed off on a controversial budget, and it delayed its risk-based capital rule to buy itself time amid complaints by bankers.

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Bankers give NCUA an earful over revamped membership proposal

12/10/19

More than 50 banks and banking groups responded to the National Credit Union Administration's call for public comment as it attempts to explain why a new field of membership provision won't permit redlining.

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NCUA follows bank regulators’ lead on home appraisals

11/21/19

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

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Credit union regulator moves to quiet redlining fears

10/24/19

The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.

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Can Freddie Mac's embrace of AI pull the industry along?

10/02/19

Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.

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House passes cannabis banking bill, but Senate battle looms

09/25/19

The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.

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