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.
NAFCU and CUNA prepare to protect tax exemption this year in anticipation of possible tax reform.
Mary Hughes, Financial Institutions Bureau Chief of the Idaho Department of Finance, is council’s newest member.
Committee calls on several government agencies to address loan servicing and debt collection issues.
CFPB report finds 1,045 agreements in place in 2009 compared to 336 in 2013.
Consumer Financial Protection Bureau details incidents of “unscrupulous lenders” not honoring Electronic Fund Transfer Act.
Consumer Financial Protection Bureau Director Richard Cordray said the bureau fully intends to be the cop on the beat taking on the four Ds: Debt traps, dead-end markets, deceptive marketing and discrimination.
Credit unions might only need a re-evaluation of existing loan products to compete.
Both set to meet after the mid-term election to discuss proposal that limits payday lending at credit unions.