It is not one single regulation, but multiple regulations from numerous agencies that are negatively impacting credit unions.
Session comes as modifications are set to go into effect Aug. 1.
Wells Fargo and JPMorgan Chase receive order to pay $35.7M in penalties for illegal mortgage kickbacks.
The $1M Faith Based FCU makes national headlines for providing a member with payday loan relief.
Union representing NCUA and CFPB employees touts bill that would provide a 3.8% salary increase.
Texas Congressman says CFPB should choose a less costly alternative such as selling the building to the highest bidder.
Rate Checker site allows users to track interest rates and other loan information by state.
CFPB and FHA research finds home buyers do not use the internet to compare rates, mortgage terms.
The loan origination system, the engine behind neary every mortgage operation, may no longer be good enough.
The loss of more credit unions is at stake if regulatory burdens do not ease up.