CFPB final mortgage servicing rule hits slightly more than 200 of 6,900 federally insured credit unions.
Agency looking at alleged kickbacks to bankers, violations of RESPA.
Comment period ends Monday on rule that would require new agency's exams to not affect confidentiality assured under state and federal laws already.
Of the litany of regulations coming around the bend within the retail investment space, financial advisers said they are most concerned about the fiduciary standard and additional disclosure rules.
On May 20, I posted remarks on BRUEN Credit Union Blog (www.cbruen.com/blog) about the failure of a very small 213-member, $175,000-asset and, surprisingly, 50-year old credit union with a delinquency rate of 40%.
The chairman of the NCUA would be included in the council of regulators that could make decisions on systemic risk and hear appeals of rules by the new consumer financial regulator if an amendment sponsored by Sen. Susan Collins (R-Maine) is approved.
Senate Banking Committee Chairman Christopher Dodd said today lawmakers are on a "positive and optimistic track," in trying to reach an agreement on regulatory restructuring, but declined to discuss specifics of the bill he will introduce on Monday.
After months of bipartisan bashing of the Federal Reserve's actions during the recession,
National party committees and senior lawmakers on the committees that oversee credit unions are among the recipients of contributions from the political action committees of CUNA and NAFCU.
WASHINGTON -- The top Treasury Department official on credit unions said that the proposed agency to regulate consumer financial products will give credit unions a more stable regulatory environment in which to operate.