Credit Union Trade Groups Endorse Mortgage Plan That Harper Called 'Half-Baked'

The Notice of Proposed Rulemaking allows federal credit unions to purchase mortgage servicing rights under some conditions.

By David Baumann | February 05, 2021 at 01:14 PM

Credit union trade groups, including state leagues, said the NCUA should allow federal credit unions to purchase mortgage servicing rights from other federally-insured credit unions — a plan that NCUA Chairman Todd Harper said was "half-baked."

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Carrie Hunt Says Regulators Are Challenging the CU Business Model

By Michael Ogden | May 17, 2024

Hunt, with America's Credit Unions, states credit unions are being stressed under CFPB and NCUA regulations.

Carrie Hunt Says Regulators Are Challenging the CU Business Model

Chopra: CFPB 'Firing on All Cylinders'

By Jim DuPlessis | May 17, 2024

The director promises to hire more investigators, resume delayed enforcement actions and fight against "junk fees".

Supreme Court Rejects Challenge to CFPB

By Jim DuPlessis | May 16, 2024

In 7-2 ruling, justices dismiss arguments of payday lenders and CUs that the funding mechanism is unconstitutional.

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