Federal credit unions

Credit union execs endorse CFPB changes in Trump meeting

02/26/18

Credit union executives talked up a pending regulatory relief effort while endorsing a radical shift in direction by the Consumer Financial Protection Bureau during a meeting with President Trump and other top White House officials on Monday.

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Hatch touches a third rail: Should credit unions be taxed?

02/01/18

Credit union groups were scrambling Wednesday to respond to a letter from Senate Finance Committee Chairman Orrin Hatch questioning whether the industry had outgrown its income-tax exemption.

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Bipartisan bill would allow more credit unions to add underserved areas

12/15/17

U.S. Reps. Gwen Moore and Paul Cook introduced a bill this week would allow more credit unions to expand their fields of membership to underserved communities.

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Equifax breach draws Wells-level congressional scorn

09/11/17

Lawmakers signaled Monday that Congress will likely have a swift and powerful response to revelations that the credit reporting company Equifax was hacked, exposing 143 million people to identity theft.

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CFPB finalizes TRID update without a fix for compliance 'black hole'

07/07/17

The Consumer Financial Protection Bureau's final rule to formalize guidance on a number of TILA-RESPA Integrated Disclosures compliance points omits an originally proposed fix for the so-called black hole that's created when a mortgage closing is delayed.

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Credit unions cleared to securitize loans, amplifying threat to banks

06/26/17

The NCUA is letting federal credit unions securitize and sell assets. Such transactions would free up capital at credit unions, allowing them to make more loans.

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'The CFPB is simply not listening,' credit union group says

06/01/17

Credit unions continue to press the Consumer Financial Protection Bureau for regulatory relief, arguing that existing exemptions have not gone far enough.

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Small businesses need tougher cyber regs, CU executive says

03/08/17

Credit unions and financial institutions are required to take steps to protect against cyberattacks, but small businesses that process payments are not doing enough to protect the security of the financial system, a credit union executive said Wednesday.

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