Why don't federal agencies understand they exist to serve the public, not the other way around?
A CFPB report says retirees with mortgage debt increased from 22% in 2001 to 30% in 2011.
The CFPB claims the tech school helped create a student loan CUSO that fed ELFCU the loans.
Proposed tweaks to the points and fees cap is a nice gesture, but won't do much to help credit unions.
Bills would grant NCUSIF coverage for IOLTAs, privately-insured credit unions FHLB access, and more input on CFPB rural areas.
If the rule is finalized, credit unions could post privacy notices online, instead of mailing them annually.
A proposed points and fees fix would allow mortgage lenders to refund borrowers if they exceed the 3% QM cap.
Three bills that would provide regulatory relief for credit unions are on Tuesday's House floor vote schedule.
House Financial Services subcommittee targets two CFPB managers and a union VP who refused to testify April 2.
CFPB regulations limiting loan originator pay have leveled the playing field for credit union recruiters.