cuj daily briefing lead

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


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.


Supreme Court battle, presidential race loom over CFPB in 2020


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.


Will Congress do anything about credit unions buying banks?


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.


Crapo delivers crushing blow to pot banking


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


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


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.


Bankers give NCUA an earful over revamped membership proposal


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.


NCUA follows bank regulators’ lead on home appraisals


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.


Credit union regulator moves to quiet redlining fears


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.


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


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


House passes cannabis banking bill, but Senate battle looms


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