From loss of business to long-term impact on communities, executives testify on CFPB’s qualified mortgage rule.
Credit union and bank executives tell the Republican-controlled Senate Banking Committee the CFPB needs structural reform.
Economic factors influence uptick in mortgage loans finding home in CU books.
The CFPB still looking for input on overdraft fees.
Proposed and potential rules from the NCUA, CFPB and others are front and center in credit union strategic planning.
Illinois League CEO Sean Hession breaks the group's silence regarding a credit card affiliate fined by the CFPB.
Rule would expand the definition of small creditor and increase loan origination limits.
Session comes as modifications are set to go into effect Aug. 1.
Firm reports income from fees credit card issuers charge for late payments, going over credit limits, is lowest since 2009.
The Supreme Court TILA disclosure ruling will not affect credit unions that already follow TILA best practices.