Consumer Financial Protection Bureau

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  NCUA Nominee’s Long and Winding Road: Editor/Publisher's Column

  By Sarah Snell Cooke  |  May 16, 2013

  If recent history is any indicator, nomination to the NCUA Board is no assurance of joining the NCUA Board, at least not quickly.

• Onsite Coverage: Proposed Derivatives Rule Could Set Pay-to-Play Fee Precedent

  By Heather Anderson  |  May 16, 2013

  ALEXANDRIA, Va. — NCUA Board encourages comments on proposed rule that would grant new investment authorities. Trades express concern.

• NAFCU Survey: Most CUs Will Reduce or Discontinue Non-QM Mortgages

  By Heather Anderson  |  May 15, 2013

  Survey also finds that more than one-third of credit unions originated mortgages in 2012 that would not fit under new rule.

• CFPB Seeks to Delay Credit Insurance Rule

  By Heather Anderson  |  May 15, 2013

  The Consumer Financial Protection Bureau has issued a proposed rule and request for comment regarding a temporary delay in the June 1 effective date of a final rule provision that would prohibit the financing of credit insurance into a mortgage.

• GSE Qualified Mortgage Limit Will Have Little Impact

  By David Morrison  |  May 15, 2013

  The bulk of credit union and CUSO mortgage programs will see minimal impact from Fannie Mae and Freddie Mac limiting the secondary market to only qualified mortgages, according to credit union and CUSO ­executives.

• Senate Hearing Will Address Secondary Mortgage Market Reform

  May 14, 2013

  Panel to take up housing finance reform with a focus on private investments.

• Banker Survey: CFPB’s QM Exemption Too Narrowly Defines 'Rural'

  By Heather Anderson  |  May 10, 2013

  ICBA says many of its rural members often make non-traditional loans that would not be allowed under proposed new rules.

• CFPB Delays Credit Insurance Rule to Clarify Language

  By Heather Anderson  |  May 9, 2013

  Provision was to take effect on June 1. CUNA has asked for extension until January.

• New GSE Rules Could Limit CU Housing Finance to Lower Income, Exec Says

  By David Morrison  |  May 8, 2013

  Wright-Patt lending chief says unintended consequences could result from new CFPB rules put on Fannie and Freddie.

• CFPB Doubles Remittance Compliance Time

  By Heather Anderson  |  May 8, 2013

  The Consumer Financial Protection Bureau released its final remittance rule April 28 and gave providers six months to comply, setting an Oct. 28 effective date. The bureau had originally proposed a 90-day compliance window following its release of the final rule.