CUNA expresses dismay in a letter when the bureau reaffirms its position after meeting with credit union leaders.
NAFCU says the revised guidelines will only exacerbate regulatory burdens credit unions face.
The bureau will soon discuss separate rules that address first-party debt collectors such as credit unions.
In a letter, 70 senators urge the agency to consider credit unions’ regulatory burdens and exempt them from some rules.
Trades say the rules, which take effect for FYs after Dec. 15, 2020, may unnecessarily burden credit unions.
NCUA Vice Chairman calls out a recent NAFCU opinion piece that questions the agency's desire to update FOM rules and law.
The NCUA board will propose new rules on safe harbor, asset securitization and appraisals June 19.
Guidance issued by NCUA, Fed, FDIC and OCC says QM rules compatible with Community Reinvestment Act.
A group of 26 U.S. senators wrote a letter to CFPB Director Richard Cordray urging him to delay new mortgage rules set to take effect in January 2014.
WASHINGTON—Richard Cordray, director of the Consumer Financial Protection Bureau, defended his agency’s qualified mortgage regulations against recent criticism during the Mortgage Bankers Association annual convention here Oct. 28. (See more coverage on page 3.)