Committee calls on several government agencies to address loan servicing and debt collection issues.
Sen. Tom Coburn (R-Okla.) advocates for the elimination of the CU tax exemption in a new report.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
WASHINGTON — The Senate Banking Committee also delayed mark-up of the Corker-Warner GSE reform bill.
WASHINGTON — The Republican from Texas also earned praise from Sen. Elizabeth Warren (D-Mass.).
NCUA board hopeful will share the confirmation panel with three Federal Reserve Board nominees.
The House Banking Committee focused on oversight and trying to undo or modify some of President Obama’s initiatives while the Senate Banking Committee focused on less sweeping efforts in 2011.
Calling it a net plus for the consumers and the housing market, Affinity FCU President/CEO John Fenton urged lawmakers to ensure that any changes in the housing finance system don’t jeopardize the existence of the 30-year mortgage.
Substantive discussions of regulatory policy and partisan wrangling were both on the front burner at the Senate Banking Committee’s hearing last week on the nomination of Richard Cordray to run the Consumer Financial Protection Bureau.
Nominee says CFPB regulations will be helpful to financial institutions and level the playing field.